Itongadol.- Prime Minister Binyamin Netanyahu and Finance Minister Yair Lapid have agreed to nominate Jacob Frenkel, who headed the Bank of Israel between 1991-2000, to return to the position and replace Stanley Fischer.
Jacob Frenkel to return as Bank of Israel governor
Earlier in June, Netanyahu had hinted that he was seeking to replace Fischer with another candidate residing abroad, saying at a Likud-Beytenu faction meeting that his next nominee would “continue the impressive list of Frenkel and Fischer”–two nominees who had been brought in from abroad to fill the position.
Last week, Globes reported that Prime Minister Binyamin Netanyahu was trying to enlist Elhanan Helpman, a Harvard professor who was educated and had taught in Israel, and had also been sought out in 2005, when the post was ultimately offered to Fischer.
Fischer announced earlier in the year that he would step down from his position on June 30, after 8 years as governor. Until a successor is nominated an approved, Fischer\’s deputy Karnit Flug, whose name had also been floated to fill the position, will serve as acting Governor.