Bank of Israel
President Reuven (Ruvi) Rivlin spoke last night, Monday 5 November / 28 Cheshvan at a farewell event for Governor of the Bank of Israel Dr. Karnit Flug, held at the Israel Museum. Minister of Finance Moshe Kahlon, Leader of the Opposition Tzipi Livni and State Comptroller Yosef Shapira also took part in the event.
In his speech, the president talked about the status of the Bank of Israel in Israeli society and emphasized the importance of its independence.
At the end of his remarks, the president addressed the outgoing governor and said, “Dr. Flug, Karnit. Today you are completing your term as the tenth governor of the Bank of Israel and the first woman to hold this position. When we announced the new banknotes, I said to you that the currency of a country should reflect its character, and that the character of the State of Israel is also, to a large extent, the figures of Rachel the Poetess and Leah Goldberg. But those who hold senior positions in the economy are also a reflection of the character of the State of Israel and you, Karnit, exemplify the Israel we aspire to. A country led by the most talented people, for whom the good of the people is always their guide, a country with equal rights for men and women and in which any woman, like any man, can fulfill their true potential and make full use of their skills. We thank you today for your thirty years of intense and devoted public service, at the heart of the Bank of Israel’s research and key decisions. Your years of service, like your term as governor, brought great pride to the State of Israel and prestige to the Bank of Israel. No-one deserves more than you a break from running the economy and some time to consider your next steps, whether they are in public service, in academia or in any other institution you choose. I am sure that, whatever direction you do choose, the good of the State of Israel and Israeli society will remain your guide. Personally, and on behalf of the Israeli people, I thank you for your contribution to the stability and the prosperity of the Israeli economy.”
Governor of the Bank of Israel, Dr. Karnit Flug: “I am leaving the Bank of Israel after five years during which I had the privilege to be governor, two years as deputy governor, ten years as director of the research department and a total of thirty years during which the Bank of Israel has been my place of work and my second home. I end my term as governor with a feeling of profound satisfaction and great pride in the many achievements in all areas of the Bank’s work: the economy is in a good and stable position, in no small part because of the monetary policy, and that is not something to be taken lightly. At a time when many economies experienced recession and high levels of unemployment, we enjoyed growth, low unemploynent, rising wages and price stability, along with a stable financial system.”
Attached photo by Mark Neiman, GPO