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.
Religion in Latvia with 17.3%. Latvia was one of the last regions in Europe to be Christianized. The inhabitants of the region that is now Latvia once practiced Finnic paganism and Baltic mythology, but this practice gradually diminished through the course of the centuries. In the 12th to 13th centuries Latvia first fell under the influence of the Catholic Church, as the Christian kings of Denmark, Sweden and the North German Livonian and Teutonic military orders fought for influence in the region in what later became known as the Northern Crusades. Parts of Eastern Latvia (notably the Koknese and Jersika principalities) shortly came