Add Papers Marked0
Paper checked off!

Marked works


Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

internet library library
5,49 € Add to cart
Add to Wish List
Want cheaper?
ID number:865222
Published: 04.06.2010.
Language: English
Level: College/University
Literature: 4 units
References: Not used
Time period viewed: 2007.g. - 2009.g.
Table of contents
Nr. Chapter  Page.
  Introduction    3
  Members of banking system in Latvia    4
  The Bank of Latvia    4
  Comercial banks    5
  Banking system in Latvia    6
  A history of the Latvian banking system    6
  The advantages of Latvia's banks    9
  The Latvian banking system problems    12
  Conclusions    14
  Bibliography    15

Members of banking system in Latvia
The Bank of Latvia
The Bank of Latvia is an independent entity that carries out its tasks in the public interest and with a high sense of professional responsibility. It is a full-fledged participant in the European System of Central Banks and cooperates with other institutions of the European Union, developing stable and favourable environment for the economic growth of Latvia.
The Bank of Latvia is the central bank of the Republic of Latvia. The main objective of the Bank of Latvia is to implement monetary policy by controlling the amount of money in circulation with the aim to maintain price stability in the State. The Bank of Latvia is the sole bearer of the right to issue the national currency, banknotes and coins.
The Bank of Latvia's functions are set out in the Republic of Latvia Law "On the Bank of Latvia". Among the most important objectives of the national central bank are the following:
• to establish and implement monetary policy in order to ensure price stability in the country;
• to issue the national currency;
• to organise and ensure the functioning of the payment and settlement systems in Latvia;
• to collect, record and aggregate the financial information and the data of the national payment balance, as well as to publish the processed statistical information;
• to manage foreign assets;
• to act as financial agent for the government.
• to issue permits (licences) to legal persons listed in the Republic of Latvia.
Register of Enterprises, except credit institutions, for the purchase and sale of foreign currency as a business activity.

Author's comment
Load more similar papers


Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?


Not registered yet?

Register and redeem free papers!

To receive free papers from it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register