Latvia–Lithuania relations commission, and the territories were transferred to Lithuania. As a compensation, Latvia received the Latvian-majority territories of what now are Ukri Parish, Brunava Parish, Aknīste Parish. Latvia's claims on the town of Mažeikiai were rejected by the international commission. The Lithuanians had to drop their claims on Ilūkste Municipality and Daugavpils. Latvia–Lithuania relations Latvian–Lithuanian relations are bilateral international relations between Latvia and Lithuania. Latvia has an embassy in Vilnius, and Lithuania has an embassy in Riga. The ambassador to Lithuania is Hardijs Baumanis, the ambassador to Latvia is Antanas Vinkus. Both states share a long common history: Both Latvians and
Bank of Latvia Latvia. For the practical work and operational management of the Bank of Latvia, the Bank Council establishes a permanent board of 6 people. The Bank's President approves the structure of the Bank of Latvia, recruits and dismisses the Bank of Latvia's employees. The presidents of the 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