Governor of the Bank of Israel in an economic review at the Finance Committee (Knesset Spokespersons)
Bank of Israel Governor Amir Yaron convened the Committee for Financial Stability this evening (Wednesday) for an extraordinary discussion.
This, against the backdrop of speculation that Yaron intervened in the foreign exchange market in an attempt to lower the dollar rate. The gathering indicates pressure on the banking system. The committee members include the director general of the Ministry of Finance, Shlomi Heisler, the deputy
governor of the Bank of Israel, Andrew Abir, the chairman of the Securities Authority , Anat Guetta, MM in charge of the capital market, Amit Gal, the supervisor of banks, Yair Avidan, head of the payment systems and clearing department at the Bank of Israel, Oded Saloni, and the representative of the National Economic Council, Oded Salomi.
The bank refused to comment on the Governor's monitoring of the foreign exchange market. Yaron (Photo: Photo processing, Flash 90, Yonatan Zindel)
The committee meets for regular meetings four times a year, and additional meetings are held rarely and in times of crisis.
The weakening of the shekel and the falls in the stock market are an unusual event that led the governor to take a step, the very publication of which may raise the level of concern in Israel and around the world.
The Bank of Israel refused to comment on the Governor's intervention in the foreign exchange market.
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