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|On the Annual Report of Latvijas Banka for 2016|
The Council of Latvijas Banka has approved the Annual Report of Latvijas Banka for 2016. Apartfrom the financial statements and auditors' report, it provides an overview of the economicenvironment and economic developments in Latvia and the euro area as well as information on theoperation of the national central bank and the accomplishments in the areas of its responsibility:participation in the formulation and implementation of the Eurosystem's monetary policy; economicanalysis and research; management of foreign reserves and other financial investments; ensuring cashcirculation; maintaining and promoting smooth operation of the payment systems' infrastructure;compilation and publishing of statistics; maintaining the Credit Register, etc.
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