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 the national central bank from the government policy was ensured through legislation. The Law "On the Bank of Latvia" did not envisage its commercial activities, therefore, a decision was taken on the restructuring and privatization of 49 Bank of Latvia branches. Like most central banks of the world, the main goal of the Bank of Latvia is to provide inflation at a certain level. After joining the European Union (EU), until its membership in the Economic and Monetary Union (EMU), the Bank of Latvia was able to pursue its monetary policy, provided that it is in line with the common