Operations and transactions will be decentralized and carried out in the national central banks. The skills and accumulated knowledge of the national central banks will form an integral part of the preparation of joint decisions.
The Governor, the Deputy Governor and members of the Board of Governors may be discharged before their term of office only if they have tendered their resignation, if a court decision on sentencing any of them for a deliberate crime has taken legal effect, or the Governor, the Deputy Governor or a member of the Board of Governors is not able to officiate for a period exceeding six successive months because of illness or some other reason.