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.
Geology of Latvia Geology of Latvia The geology of Latvia includes an ancient Archean and Proterozoic crystalline basement overlain with Neoproterozoic volcanic rocks and numerous sedimentary rock sequences from the Paleozoic, some from the Mesozoic and many from the recent Quaternary past. Latvia is a country in the Baltic region of Northern Europe. Several hundred boreholes have returned data about the Precambrian crystalline basement of Latvia, indicating young Middle Proterozoic intrusive rocks such as 1.65 billion year old rapakivi granite or 1.82 billion year old granodiorite in the northeast. Most basement probably formed before the Svecofennian orogeny, between the Archean and Proterozoic. The