November 30, 2023 11:33 am

Finance Minister Bezalel Smotrich has called on Prime Minister Benjamin Netanyahu to announce the resignation of Bank of Israel Chairman Professor Amir Yaron for a full second term. This comes after Yaron made it clear that he was not interested in a short-term extension of his first term, despite the outbreak of war and the government’s decision to extend the terms of office of most heads of government agencies.

The fact that Yaron was not offered a second term by Netanyahu indicates that the head of government wanted to see someone else in this post. While Netanyahu himself has not spoken out on this issue, it is clear that there are differences between him and Yaron regarding their views on judicial reform and its impact on the economy.

It remains to be seen what will happen next with Yaron’s position at the Bank of Israel. However, one thing is certain – his departure from this role will have significant implications for the country’s financial stability and economic growth.

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