The Bank of Israel’s Chairman, Professor Amir Yaron, has not been offered a second term by Prime Minister Benjamin Netanyahu. This indicates that the head of government wants someone else in the post. Despite Netanyahu not speaking out on this issue, it is clear that he had planned to replace Yaron.

In light of the ongoing war, the government 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 that he was not interested in a short-term extension of his first term.

On Sunday, November 19th, Finance Minister Bezalel Smotrich called on Netanyahu to announce Yaron’s resignation for a full second term. Smotrich had previously expressed dissatisfaction with Yaron’s position regarding the impact of judicial reform on the country’s economy.