The Bank of Latvia, known in Latvian as Latvijas Banka, is the central bank of Latvia. It was established a few years after the country declared its independence in 1918, and it introduced the lats as the national currency, which became a symbol of the new state's economic stability. Its activity was interrupted when the Soviet Union occupied Latvia in 1940. After Latvia restored its independence in 1991, the bank was re-established with the same name and returned to issuing a national currency, again called the lats. When Latvia joined the euro area in 2014, the lats was replaced by the euro, and the Bank of Latvia became a member of the Eurosystem.
Before and after
- 7 June 1922Bombardment of Samsun
- 10 June 1922Birth of Judy Garland
- from 28 June 1922 to 24 May 1923Irish Civil War
- 2 August 1922Death of Alexander Graham Bell
- 7 September 1922Founding of Bank of Latvia
- from 13 September 1922 to 22 September 1922Burning of Smyrna
- from 27 October 1922 to 30 October 1922March on Rome
- 31 October 1922Birth of Norodom Sihanouk
- 4 November 1922Howard Carter finds the tomb of Tutankhamun
More in Society, economy & sport
- 9 July 1916Founding of CONMEBOL
- 20 July 1924Founding of FIDE
- from 3 August 1936 to 9 August 1936Jesse Owens wins four gold medals in Berlin
- 28 August 1937Founding of Toyota
- November 1938Kristallnacht
- 1940Katyn massacre
The era
This moment belongs to the Modern era (1914 CE to 1945 CE), world wars and a changing world. You can also browse everything in the 20th century.