Bank of Israel Gov. to Step Down in November

YERUSHALAYIM (AP) -
(Flash90)

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.”