Fischer to begin at Bank of Israel on Sunday

Stanley Fischer is scheduled to start his new job as the governor of the Bank of Israel on Sunday 1 May.

The former vice chairman of US bank Citigroup and first deputy managing director of the International Monetary Fund is due to be inaugurated in an afternoon ceremony at Beit Hanassi. Prime Minister Ariel Sharon, Finance Minister Binyamin Netanyahu and President Moshe Katsav will attend the ceremony.

Fischer takes over from acting governor Meir Sokoler, who has been leading the central bank

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