National bank of Latvia

Bank of Latvia
(Latvian: Latvijas Banka)
File:Latvijas Banka logo.svg
Headquarters Riga
Established 7 September 1922[1]
Governor Ilmārs Rimšēvičs
Central bank of Latvia
Currency Latvian Lats
ISO 4217 Code LVL
Preceded by State Savings and Credit Bank

The Bank of Latvia (Latvian: Latvijas Banka) is the central bank of Latvia. It is one of the key public institutions and carries out economic functions as prescribed by law.

The principal objective of the Bank of Latvia is to regulate currency in circulation by implementing monetary policy to maintain price stability in Latvia. It is responsible for issuing coins and banknotes in the Latvia's 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.

Governors of the Bank of Latvia

  • Artūrs Graudiņš
  • Pēteris Sakss
  • Einars Repše (1991–2001)
  • Ilmārs Rimšēvičs (2001–present)

See also


External links

  • (Latvian) Official site of Latvijas Banka
  • (English) Official site of Latvijas Banka
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