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.
The Law prohibits the Bank of Latvia from granting direct credit to the Government for the needs of covering budget deficit. In addition, the Bank of Latvia does not have the right to buy government securities on the primary market.