Bank of Israel governor Fischer to step down


Stanley Fischer, the governor of the Bank of Israel, today informed Israeli prime minister Benjamin Netanyahu of his intention to step down from his post on June 30.

Fischer took up the governor role on May 1, 2005, taking Israeli citizenship at the same time – though not renouncing US citizenship.

In 2011, Fischer applied to fill the vacancy created at the head of the International Monetary Fund (IMF) by the resignation of Dominique Strauss-Kahn – but was told he was too old, at 67, to take up

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