Latvia division. The borders of historical and cultural regions usually are not explicitly defined and in several sources may vary. In formal divisions, Riga region, which includes the capital and parts of other regions that have a strong relationship with the capital, is also often included in regional divisions; e.g., there are five planning regions of Latvia (), which were created in 2009 to promote balanced development of all regions. Under this division Riga region includes large parts of what traditionally is considered Vidzeme, Courland, and Zemgale. Statistical regions of Latvia, established in accordance with the EU Nomenclature of Territorial Units
Bank of Latvia On September 7, 1922, the Constitutional Assembly adopted the Law on the Establishment of the Bank of Latvia. The Bank of Latvia was granted emission rights. The Bank's interim statutes were approved on September 19, 1922, with the decision of the Cabinet of Ministers, and its initial capital was 10 million lats. On April 24, 1923, Saeima approved the Statute of the Bank of Latvia, signed by President Jānis Čakste on the 2nd July. The bank was headed by a council and board. The Council consisted of a chairman, a deputy and 11 members, but the board included a director