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Governor of the Bank of Israel, Karnit Flug, said Friday that she would not seek a new term of office and that she will therefore step down at the end of her five-year term years in November.
"I will end my term with a feeling of great satisfaction," she said in a statement.
million. Flug said the bank had played a "marked role" in the strength and stability of the Israeli economy in recent years.
She informed Prime Minister Benjamin Netanyahu of his decision on Thursday.
Netanyahu issued a statement thanking Flug for his service, adding that he "greatly appreciates his contribution to the Israeli economy."
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