Proclamation Day of the Republic of Latvia of the city centre traditionally starts at the monument of Kārlis Ulmanis, the first prime minister of Latvia, and ends at the Freedom Monument. Another tradition with a long history is the Latvian National Armed Forces parade, which nowadays is held at 11 November Embankment in Riga. A popular modern tradition established in 2009, is for people all over the world to sing the Latvian national anthem "Dievs, svētī Latviju!" at the same time (21:00 EET). Proclamation Day of the Republic of Latvia Proclamation Day of the Republic of Latvia is celebrated annually on 18 November. It marks the anniversary
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