The Bank of Israel’s Chairman, Professor Amir Yaron, is facing the end of his term and Prime Minister Benjamin Netanyahu has not yet decided what to do next. Despite not speaking out on the issue, the fact that Yaron was not offered a second term indicates that Netanyahu wanted someone else in this post.
As tensions rise with neighboring countries, the government has agreed to extend the terms of office of most heads of government agencies whose terms were due to expire soon. However, Professor Yaron made it clear he was not interested in a short-term extension of his first term.
Finance Minister Bezalel Smotrich, who has repeatedly expressed dissatisfaction with Yaron’s position regarding the impact of judicial reform on the country’s economy, called on Netanyahu to announce Yaron’s resignation for a full second term on Sunday, November 19th.