Dr. Karnit Flug named next Bank of Israel governor

The Bank of Israel in Jerusalem. Credit: Ester Inbar via Wikimedia Commons.

(JNS.org) Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid on Sunday named Dr. Karnit Flug as the ninth governor of the Bank of Israel, Israel Hayom reported. Flug, who had been serving as acting chief of Israel’s central bank, will be the first woman to hold the position.

Flug has been the deputy governor of the Bank of Israel since July 2011. In 1984, she joined the International Monetary Fund as an economist and in 1988, she returned to Israel and joined the Research Department of the Bank of Israel, where she worked and published papers on topics related to the labor market, balance of payments, and macroeconomic policies.

Posted on October 20, 2013 .