Bank of Israel Governor, U.S. born Stanley Fischer, on Tuesday told Prime Minister Benjamin Netanyahu of his intention to resign at the end of June, after eight years in office.
The dramatic announcement that was published at noon by the Bank of Israel said: “The Governor noted that in addition to his goal of promoting the economy, one of the main tasks he set for himself was to pass a new law regulating the Bank of Israel. And, indeed, the bank has been functioning successfully under the new law, as reflected in the working of its Monetary Committee and Administrative Council.”
Fisher made clear he will continue to engage “fully in all the issues on the Bank’s agenda” in the coming months, to allow the government to “conduct an orderly and thorough process of select the next governor.”
The Governor thanked Finance Minister Yuval Steinitz, Chairman of the Knesset Finance Committee, MK Moshe Gafni, members of the Monetary Committee and members of the Administrative Council of the Bank of Israel, as well as the management and employees of the Bank of Israel with whom he has had the privilege of working during his tenure as governor.”
The Tel Aviv Stock Exchange responded to to the Governor’s announcement with declines toward the end of the trading day.Jewish Press News Briefs
About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.
If you don't see your comment after publishing it, refresh the page.
Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.
If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.