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.
History of the Jews in Latvia History of the Jews in Latvia The History of the Jews in Latvia dates back to the first Jewish colony established in Piltene in 1571. Jews contributed to Latvia's development until the Northern War (1700–1721), which decimated Latvia's population. The Jewish community reestablished itself in the 18th century, mainly through an influx from Prussia, and came to play a principal role in the economic life of Latvia. Under an independent Latvia, Jews formed political parties and participated as members of parliament. The Jewish community flourished. Jewish parents had the right to send their children to schools using Hebrew as the