Published On: Tue, Jan 29th, 2013

Bank of Israel Governor to Step Down

Stanley Fischer to leave post in June after more than 8 years as head of the central bank

 By Susan Lerner

US Economist Stanley Fischer Appointed As Bank of Israel Governor

Stanley Fischer and Binyamin Netanyaho / Getty

Bank of Israel Governor Stanley Fischer today notified Prime Minister Binyamin Netanyahu he will step down from the post on June 30, in the middle of his second term, after more than eight years as head of the central bank.

Fischer, who took the position on May 1, 2005, following the recommendation of then Finance Minister Netanyahu, was re-appointed in May 2010 for a second five-year term.

The announcement was made today in a press release from the Bank of Israel. No reason was given for the early departure.

The Governor said that in the coming months he will continue to deal fully with all matters pertaining to the central bank.

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