Wed, 27 Apr 2011: Rules say ‘no’ to use of reserves…

The government split Parex into an asset management company and created a new retail bank called Citadele Bank in preparation for the sale of both. “Our mandatory reserves are calculated a...

Thu, 3 Sep 2009: IMF approves Latvia loan…

The Executive Board also approved the Latvian government's latest economic stabilization plan, agreeing to release the next loan, its second, of approximately 200 million euros. Approximately 15...

Wed, 10 Jun 2009: Devaluation fears surface as Latvia crisis deepens…

HEADSTRONG The Latvian government has repeatedly ruled out the possibility of devaluation 's a stance backed by the European Union, which said the peg is vital for economic and political stabili...
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