The Ethnographic Open-Air Museum of Latvia The Ethnographic Open-Air Museum of Latvia The Ethnographic Open-Air Museum of Latvia () is an open-air museum located just outside Riga, the capital of Latvia, on the lightly wooded shores of Jugla Lake. In 1924, the Latvian Council of Monuments signed an order to create the open-air museum in Riga. The idea for the new museum was inspired by open-air museums in Scandinavia, particularly Skansen in Stockholm. The plan was to relocate a homestead from all four regions of Latvia – Courland, Zemgale, Vidzeme and Latgale – to the museum. Each of the buildings would represent the different crafts of
Bank of Latvia the national central bank from the government policy was ensured through legislation. The Law "On the Bank of Latvia" did not envisage its commercial activities, therefore, a decision was taken on the restructuring and privatization of 49 Bank of Latvia branches. Like most central banks of the world, the main goal of the Bank of Latvia is to provide inflation at a certain level. After joining the European Union (EU), until its membership in the Economic and Monetary Union (EMU), the Bank of Latvia was able to pursue its monetary policy, provided that it is in line with the common