Bank of Latvia

Bank of Latvia
(Latvian: Latvijas Banka)

Headquarters	Riga
Established	7 September 1922
Governor	Ilmārs Rimšēvičs
Central bank of	Latvia
Preceded by	State Savings and Credit Bank
Succeeded by	European Central Bank (2014) 1
Website	www.bank.lv
1 The Bank of Latvia still exists but many functions have been taken over by the European Central Bank.

Bank of Latvia headquarters in Riga.

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. 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.

Governors of the Bank of Latvia

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

See also

• Economy of Latvia
• Latvian lats
• European Central Bank
• Latvia and the euro

External links

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