OREANDA-NEWS. Last week selling lats, the Bank of Latvia bought 2,0 million euro, reported the press-centre of Bank of Latvia.

The Bank of Latvia maintains the stability of the exchange rate of the Latvian lats against the euro via passive interventions on the foreign exchange market if necessary. Namely, if the demand by commercial banks for the euro exceeds the supply, the Bank of Latvia offers to cover the deficit by selling the foreign currencies at its disposal in exchange for lats. If the supply of foreign currencies exceeds the demand, the Bank of Latvia is ready to exchange unlimited amounts of the "surplus" currency for lats.