Bank of Israel Gov. to Step Down in November

The governor of Israel’s central bank said that she will not be seeking another term in office.

Karnit Flug, chief of the Bank of Israel, wrote in a statement Friday: “I will end my tenure with a feeling of great satisfaction.” Her five-year term ends in November.

Flug said that the bank has played a “marked role” in the robustness and stability of Israel’s economy in recent years.

Flug said she notified Prime Minister Binyamin Netanyahu of her decision on Thursday.

Netanyahu issued a statement thanking Flug for her service, adding he “very much appreciates her contribution to the Israeli economy.”