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 the national central bank from the government policy was ensured through legislation. The Law "On the Bank of Latvia" did not envisage its commercial activities, therefore, a decision was taken on the restructuring and privatization of 49 Bank of Latvia branches. Like most central banks of the world, the main goal of the Bank of Latvia is to provide inflation at a certain level. After joining the European Union (EU), until its membership in the Economic and Monetary Union (EMU), the Bank of Latvia was able to pursue its monetary policy, provided that it is in line with the common