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.
Ministry of Economics (Latvia) Tourism Development Agency, the Central Statistical Bureau of Latvia, Competition Council, Consumer Rights Protection Center, and Public Utilities Commission. Ministry of Economics (Latvia) The Ministry of Economics of the Republic of Latvia () is the leading state administrative institution responsible for economic policy in Latvia. The ministry also represents the economic interests of Latvia in the European Union. The current Minister of Economics is Arvils Ašeradens, appointed on February 11, 2016. The ministry develops and implements economic structural policy, manufacturing policy, energy policy, external economic policy, domestic market policy (for goods and services), commercial development policy, competitiveness and technological development