Latvian coalition nominates new central bank governor

Martins Kazaks
Martins Kazaks
Latvijas Banka

Latvia’s coalition government announced its candidate to take over as the country’s central bank governor, amid continuing controversies over alleged corruption and money laundering.

The five centre-right parties that form Latvia’s government nominated Martins Kazaks to the role, previously an economist for Swedish-owned lender Swedbank. Kazaks has made a number of public statements disassociating himself from the current Bank of Latvia governor, Ilmārs Rimšēvičs, who faces trial on corruption

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