Stay updated on Latvia immigration and Latvia economy: The ruling coalition in Latvia has decided to nominate the current Governor of the Bank of Latvia, Ilmārs Rimšēvičs, as the next candidate for Governor. This will be his third term as Governor of the Bank of Latvia, and Rimšēvičs has previously expressed his willingness to continue serving in this role.
According to regulations, the term of the Governor of the Bank of Latvia is six years. Rimšēvičs previously served as Governor from December 2001 and December 2007. He began his career at the Bank of Latvia as Deputy Governor in July 1992, became Chairman of the Board in August, and was appointed Deputy Governor again in February 1998.
