Bank of Latvia Bank of Latvia The Bank of Latvia () is the central bank of Latvia. It is one of the key public institutions and carries out economic functions as prescribed by law. It was established in 1922. The principal objective of the Bank of Latvia is to regulate currency in circulation by implementing monetary policy to maintain price stability in Latvia. Until 31 December 2013, the bank was responsible for issuing the former Latvian currency, the Lats. The Bank of Latvia administration is located in Riga. The fiscal year for the bank begins on 1 January and ends on 31 December.
Capital punishment in Latvia death sentence to a term of imprisonment. Latvia continued to hand down death sentences until 1998. On April 15, 1999 the death penalty in peacetime was abolished by ratifying Protocol No. 6 to the European Convention on Human Rights. In 2002, Latvia signed Protocol No. 13 to ECHR, concerning the abolition of the death penalty under all circumstances. The law on the ratification of Protocol 13 was adopted on 13 October 2011 and the protocol was ratified on 26 January 2012. Protocol 13 was entered into force on 1 May 2012. Latvia was the last European Union country to retain