Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid have decided to appoint Professor Leo Leiderman as the new governor of the Bank of Israel.

Leiderman has a PhD in economics from the University of Chicago, and is currently a professor of economics at Tel Aviv University.

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Leiderman used to work in the Bank of Israel as the head of the research department.

He made Aliyah from Argentina at age 17.

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