On August 7, 2013, the Israeli flag was wandering outside the Israeli Bank of Israel building.
Jerusalem: Professor Amir Yaron of the Wharton School in the University of Pennsylvania will be the next Governor of the Central Bank of Israel. On Sunday, the Israeli Cabinet nominated the nomination papers.
The last decision was made by Israeli President Ruin Rivel to nominate the Israeli-born Yaron.
After Prime Minister Benjamin Netanyahu's resignation, the term of the five-year term ended last week.
Lived in America for two decades. In November, an expert committee meeting was extended. Bank of Israel said in a statement on December 24.
Deputy Governor Nadine Bodot-Turterbourg currently serves as governor. The Monetary Policy Committee will meet on November 26, 2013.
"I know the huge responsibilities I have on my shoulders, and I will try my best to strengthen the power and growth of the Israeli economy," said 54-year-old Horon.
"I am happy to be back in Israel after years of working in the academic work, and I see this position as the highest place in my professional career."
The government is targeting 1 to 3 percent inflation. The central bank has decided to increase the interest rate by 2019.
Steven tells reporters; Tao Cohen and Susan Fenton edit