Monetary regulation in Latvia

» Articles » Monetary regulation in Latvia 27.06.2010 (9396)

The key objective of the central bank’s monetary policy is to facilitate the favourable macroeconomic environment for growth of the national economy in the long term.

The courseof global economic development assumes that monetary policy, employment and financial stability can foster the economic growth most of all by ensuring the low inflation rate. The central bank creates a stable and predictable business environment by maintaining the price stability. Regarding the developed countries the general monetary policy objectives deals not only with maintenance of stability of the exchange rate and general price level, but also with stimulation of economic development, growth of employment and incomes of the citizens.

In other words, the purposes of monetary policy and monetary regulation should correspond to the purposes of social and economic policy of the state and requirements of the society. Commencing the implementation of an independent monetary policy in the early 1990s, the Bank of Latvia had to decide on an exchange rate regime. Since 1993, Latvia has been using the fixed exchange rate based stabilisation programme.

Monetary regulation in Latvia .*pdf
Prof. Dr. Valery Roldugin

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close open

Appeal to world leaders and humanity

Diplomatic Economic Club strongly condemns and is not accepting any kind of aggression, military collisions, wars between countries, which are happening here close in the center of Europe, on the other continents of the world, in Asia, in Africa.
Nothing can justify the use of force in any cases, everywhere it leads to suffering of civilians.
We call all parts, leaders of all levels for a peaceful solution of any disagreements through the dialog and negotiations.
Only the Peace on our planet, olny Friendship and mutual understanding promote the life of people.
Please don't even allow yourself any thought about World War III, about nuclear weapons.
All the humanity remembers the wars of the 20th century, and if somebody has forgotten, please remember. Diplomatic Club for Peace

Stop War! Peace All over the World

Diplomatic Economic Club
unites members from 37 countries of the world.

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