History of Latvia only St. Petersburg and Moscow by the number of industrial workers, and at the turn of the century over 90% of Latvians could read. In this regard, Latvia was equally primed for radical leftism and nationalism. In all, spearheaded by the Latvian Social Democratic Workers’ Party (LSDSP), the governorates making up what is now Latvia were probably the most ungovernable in the whole Russian Empire. Following the shooting of demonstrators in St. Petersburg on January 9, 1905 a wide-scale general strike began in Riga. On January 13 Russian army troops opened fire on demonstrators in Riga killing 73 and injuring
Bank of Latvia the only central and issuing bank. It took over the ownership and structure of the USSR banks, Latvijas Republikānisko banku and other state credit institutions. On March 4, 1992, the Supreme Council of the Republic of Latvia passed the Law "On the Acquisition of the Bank of Latvia established in 1922". The Bank of Latvia's status as the central bank of the country and the issue bank was definitively consolidated by the laws of the Republic of Latvia "On Banks" and "On the Bank of Latvia" adopted on May 19, 1992. For the first time in Latvia, the independence of