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.
Foreign relations of Latvia Foreign relations of Latvia The foreign relations of Latvia are the primary responsibility of the Ministry of Foreign Affairs. Today's Republic of Latvia regards itself as a continuation of the 1918–1940 republic. After the declaration on the restoration of its full independence on August 21, 1991, Latvia became a member of the United Nations on September 17, 1991, and is a signatory to a number of UN organizations and other international agreements. Latvia welcomes further cooperation and integration with NATO, European Union, OECD and other Western organizations. It also seeks more active participation in UN peacekeeping efforts worldwide. Council of