Demographics of Latvia Demographics of Latvia This article is about the demographic features of the population of the historical territory of Latvia, including population density, ethnic background, education level, health of the populace, economic status, religious affiliations and other aspects of the population. Latvia was settled by the Baltic tribes some three millennia ago. The territories along the eastern Baltic first came under foreign domination at the beginning of the 13th century, with the formal establishment of Riga in 1201 under the German Teutonic Knights. Latvia, in whole or in parts, remained under foreign rule for the next eight centuries, finding itself at
Bank of Latvia On September 7, 1922, the Constitutional Assembly adopted the Law on the Establishment of the Bank of Latvia. The Bank of Latvia was granted emission rights. The Bank's interim statutes were approved on September 19, 1922, with the decision of the Cabinet of Ministers, and its initial capital was 10 million lats. On April 24, 1923, Saeima approved the Statute of the Bank of Latvia, signed by President Jānis Čakste on the 2nd July. The bank was headed by a council and board. The Council consisted of a chairman, a deputy and 11 members, but the board included a director