About Bank of Latvia
The establishment of the Bank of Latvia in 1922, just like its restoration half a century later, took place step by step for several years in difficult political and socio-economic conditions. The needs of the times dictate the organization of the central bank.
Today, the Bank of Latvia is the country’s central bank and part of the Eurosystem, where the main objective of a jointly decided monetary policy is price stability – a prerequisite for a healthy economy. we manage foreign currency and gold reserves, issue legal tender in Latvia, cooperate in ensuring the smooth operation of payment systems, ensure the operation of the Credit Register and compile financial statistics, … Continue reading about Bank of Latvia here.