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.
On the Restoration of Independence of the Republic of Latvia suitable to the current political, economic and social state of Latvia. 8. In accordance with international human rights, to grant social, economic and cultural rights, as well as political freedoms, to the citizens of Latvia and other countries, who reside in the territory of Latvia. This shall fully apply to those citizens of the Soviet Union who chose to reside in Latvia without its citizenship. 9. To build Latvian-Soviet relationships upon the Latvian-Soviet peace treaty of 11 August 1920, in which the Soviet Union recognizes eternal independence for Latvia and which is still in force. To constitute a committee for