Saeima re-elected Bank of Latvia President Ilmars Rimsevics for another term in office on Oct. 31, reports LETA. Rimsevics was the only candidate for the position. He was nominated by the coalition.
The Bank of Latvia president is appointed to a six-year term.
Rimsevics was first appointed in December of 2001, and was re-appointed for a second term in December of 2007. His career at the Bank of Latvia started as vice president in July 1992, and in August 1992 he was appointed board chairman. In February 1998, Rimsevics was re-appointed Bank of Latvia vice president.