Latvijas Banka is the central bank of Latvia.
Latvijas Banka is a derived public person. It is independent in making and implementing its decisions and is not institutionally or functionally subordinated to any central or local government institution.
Council
Latvijas Banka is governed by the Council which is elected by the Saeima of the Republic of Latvia for a term of five years.
The bank's Governor is the chairperson of the Council. On 19 December 2024, the Saeima decided that Deputy Governor Māris Kālis will assume the duties of the Governor of Latvijas Banka from 21 December 2024 until the commencement of the new Governor's term.
The Council takes decisions on behalf of Latvijas Banka.
Each Council Member operates within their respective areas of responsibility.
Departments
Latvijas Banka's organisational structure comprises departments responsible for executing the defined functions and processes and achieving their results.
Committees and Commissions
The activities of Latvijas Banka are managed and overseen by the collegial authorities – committees and commissions representing various areas.