Latvia 9 permanent representations abroad. There are 37 foreign embassies and 11 international organisations in Latvia's capital Riga. Latvia hosts one European Union institution, the Body of European Regulators for Electronic Communications (BEREC). Latvia's foreign policy priorities include co-operation in the Baltic Sea region, European integration, active involvement in international organisations, contribution to European and transatlantic security and defence structures, participation in international civilian and military peacekeeping operations, and development co-operation, particularly the strengthening of stability and democracy in the EU's Eastern Partnership countries. Since the early 1990s, Latvia has been involved in active trilateral Baltic states co-operation with its neighbours
Bank of Latvia a refinancing rate instrument, a rate for travel. In a situation where banks do not intend to actively use the instruments offered by the Bank of Latvia, the increase of the refinancing rate has a more signaling function. The Bank of Latvia is managed by the Bank's Board and Management Board. The council consists of 8 people: the president of the bank, his deputy and 6 members of the council. The Bank's Supervisory Council is managed by the President of the Bank of Latvia. The Governing Council of the Bank of Latvia takes decisions on behalf of the Bank of