PM Netanyahu Meets with Bank of Israel Governor Prof. Stanley Fischer
(Communicated by the Prime Minister's Media Adviser)
Prime Minister Benjamin Netanyahu, this afternoon (Tuesday, 29 January
2013), met with Bank of Israel Governor Prof. Stanley Fischer and thanked
him for greatly contributing to the Israeli economy during his two terms in
office over the past eight years.
"Professor Stanley Fischer played a major role in the economic growth of the
State of Israel and in the achievements of the Israeli economy. His
experience, his wisdom and his international connections opened a door to
the economies of the world and assisted the Israeli economy in reaching many
achievements, during a period of global economic crisis. I thank Stanley
Fischer. I had the privilege of working with him both as Finance Minister,
when he was appointed to the position, and as Prime Minister over the past
four years. I am certain that he will continue to contribute to the State of
Israel," Prime Minister Netanyahu said.
Bank of Israel press release (in English).
The Governor will step down on June 30 29/01/2013
The Governor of the Bank of Israel, Stanley Fischer, today informed the
Prime Minister, Mr. Benjamin Netanyahu, of his intention to step down on
June 30, 2013, after more than eight years as Governor.
The Governor noted that in addition to the goal of advancing the Israeli
economy, one of his primary goals he had set himself was passing a new Bank
of Israel law. That was done in May 2010. Since then, the Bank has operated
successfully within the framework of the new law, especially through the
work with the Monetary Committee and the Supervisory Council.
The Governor said that in the coming months he will continue to deal fully
with all matters pertaining to the Bank.
Prof . Fischer added that he is extremely grateful for the opportunity he
has been granted by the Government of Israel to fulfill the task of
Governor, especially during a challenging period that included the global
economic crisis, a complex geo-political reality, and domestic social
The Governor thanks the Prime Minister, the Minister of Finance, the
Chairman of the Finance Committee of the Knesset, the Members of the
Monetary Policy Committee, the Supervisory Council and the management and
staff of the Bank of Israel for the privilege of working with them during
his term as Governor.
The Governor will hold a press conference tomorrow, Wednesday, January 30th,
at 11:00 AM, at the Bank of Israel.