US-based economics professor Amir Yaron is set to become the new Bank of Israel governor, having been appointed by the Israeli government today (October 9).
The professor, based at the University of Pennsylvania’s Wharton School, will take over from Karnit Flug when she ends her five-year term in November.
Flug had clashed publicly with finance minister Moshe Kahlon, and chose not to seek a second term as governor.
Yaron has held his current role at the University of Pennsylvania since 2009.
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