The cleverly-designed collector coin "Cabbage" was announced Latvia's Coin of the Year 2024 in the annual public survey. The coin highlights the deep symbolism of cabbage – it is...
The first non-bank payment service provider has joined the Electronic Clearing System (EKS), the payment system created and maintained by Latvijas Banka. SIA xpate, an electronic money...
On 2 April, the Supervision Committee of Latvijas Banka decided to issue insurance licences to AS Sincera Insurance for the following classes of non-life insurance: land vehicles (other than...
In 2024, 1304 counterfeit euro banknotes and coins were detected in Latvia, including 593 and 711 counterfeit banknotes and coins respectively. Although the number of detected...
In an era where digital payments have become integral to daily life, their security and accuracy is of utmost importance. There are still instances where individuals make errors when providing payment...
Recent geopolitical developments have intensified the debate on the need for a digital euro and its role in reinforcing the strategic autonomy of the euro area in the realm of digital payments....
The most recent (spring 2025) "Payment Radar" published by Latvijas Banka suggests that the ratio between non-cash and cash payments in Latvia was 78% to 22% in February 2025. This...
On 26 March, the Supervision Committee of Latvijas Banka issued an electronic money institution operating licence to AP OPERATIONS SIA.