Headquarters | Riga |
---|---|
Established | 7 September 1922[1] |
Ownership | 100% state ownership[2] |
Governor | Mārtiņš Kazāks |
Central bank of | Latvia |
Reserves | US$3.05 billion[2] |
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. |
The Bank of Latvia (Latvian: Latvijas Banka,[3]) is the Latvian member of the Eurosystem and has been the monetary authority for Latvia from 1922 to 2013, albeit with a long suspension between 1940 and 1992.[4] It issued the Latvian lats (1922-1940), then a Latvian ruble (1992-1993) and second lats (1993-2013). Since 2014, it has also been Latvia's national competent authority within European Banking Supervision.[5] The Bank of Latvia's administration is located in Riga.[6]