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.
Constitution of Latvia Minister of Latvia Jānis Bordāns. Constitution of Latvia The Constitution of Latvia () is the fundamental law of the Republic of Latvia. Satversme is the oldest Eastern or Central European constitution still in force and the sixth oldest still-functioning republican basic law in the world. It was adopted, as it states itself in the text, by the people of Latvia, in their freely elected Constitutional Assembly of Latvia on 15 February 1922 and came into force on 7 November 1922. It was heavily influenced by Germany's Weimar Constitution and the Swiss Federal Constitution. The constitution establishes the main bodies of