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.
History of Latvia meant that Latvia had to build a new railway line. Latvia received town of Aknīste and some smaller territories in Aknīste Municipality, Ukri parish and Bauska Municipality. Latvia gave up 283,3 square km, while receiving 290 km. About 16-20 000 ethnic Latvians thus became Lithuanian citizens. As a result of Polish–Soviet War, Poland secured a 105 km long border with Latvia. In July 1919 Poland announced annexation of all lands south of Daugavpils and their inclusion in Braslaw district. Latvia could not complain, as it still needed Polish military help for the decisive Battle of Daugavpils against the Soviets. The