Bank of Israel Governor Prof. Amir Yaron, the Bank’s management and employees, congratulate former governor Dr. Karnit Flug on winning the “Governor of the Year” award for 2018 from Central Banking magazine.  The award is another layer of the international recognition of the Bank of Israel in general, and of Governor Flug in particular, during her term of office, and reflects the significant achievements in all of the Bank’s areas of activity to benefit the Israeli public and economy.  The Bank of Israel was also awarded the magazine’s Cash System Management award this year, and its Reserve Manager of the Year and Transparency awards in previous years.


To view the award announcement on the Central Banking website: click here:


The announcement quoted Dr. Flug as saying:


"I am honored and grateful to receive this award from Central Banking. This award comes at the end of my term as the Governor of the Bank of Israel, a period that was very challenging as well as satisfying for me. We at the bank have many achievements to be proud of, and these would not have been possible without the co-operation of many partners in the public and private sectors, both in Israel and abroad. Indeed, the quest for macroeconomic and financial stability often requires taking unpopular measures, which sometimes create frictions with the political system. I found that focusing on what is best for the economy in the long term is a useful compass to guide us towards the best decisions. I was fortunate to be surrounded by a highly professional staff and management, who are completely committed to serving the public good. I take this last opportunity to thank them.”​