Mr. Ilmars Rimsevics was born on 30 April, 1965 in Riga.
In 1990 he graduated from the Riga Technical University (1983-1990) with BA in economics and international trade relations.
From 1988 to 1989 Mr. Rimsevics studied at St. Lawrence University (USA), receiving an honours degree.
In 1992 he graduated from Clarkson University, USA (1991-1992), receiving an MBA degree.
Mr. Rimsevics has been Deputy Chairman of the Economics Committee of the Popular Front of Latvia (1989-1990).
Manager of Foreign Operations Department and Head of Securities Department at the commercial bank Latvijas Zemes Banka (1990-1992).
On 2 July, 1992, the Supreme Council of the Republic of Latvia appointed Mr. Rimsevics Deputy Governor of the Bank of Latvia.
On 27 August, 1992, the Council of the Bank of Latvia appointed Mr. Rimsevics Chairman of the Board of the Bank of Latvia.
On 12 February, 1998, the Saeima appointed Mr. Rimsevics Deputy Governor for a second term of six years.
On 20 December, 2001 Mr. Rimsevics was appointed Governor of the Bank of Latvia. In accordance with Article 22 of the Law "On the Bank of Latvia", the Governor of the Bank is appointed for a term of six years.
On 1 November 2007, the Saeima of the Republic of Latvia appointed Ilmars Rimsevics Governor of the Bank of Latvia for a second term of six years beginning 21 December 2007.