The Bank of Latvia (Latvian: Latvijas Banka,) is the central bank of Latvia. It is among the nation's key public institutions and carries out economic functions as prescribed by law. It was established in 1922 and became the sole issuer of currency in Latvia in 1927. It became a part of the European Central Bank (ECB) when Latvia adopted the euro on January 1st, 2014. Until then, the bank was responsible for the former national Latvian currency, the lats. The principal objective of the Bank of Latvia is to regulate currency in circulation by implementing monetary policy to maintain price stability in Latvia. The Bank of Latvia administration is located in Riga. The fiscal year for the bank begins on 1 January and ends on 31 December. More information...
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