Central bank chief Karnit Flug to step down in November
Bank of Israel governor Karnit Flug said Friday she will not be seeking another term in office and will therefore step down at the end of her 5-year term in November.
"I will end my tenure with a feeling of great satisfaction," she said in a statement.
Flug said the bank has played a "marked role" in the robustness and stability of Israel's economy in recent years.
She notified Prime Minister Benjamin 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."
