Twice-Snubbed Flug Nominated as Bank of Israel Governor
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Acting Bank of Israel Governor Karnit Flug, passed over twice for the central bank’s top job, was nominated for the post today in a bid to wrap up a bungled selection process that’s left the institution without a permanent chief since June.
Prime Minister Benjamin Netanyahu named Flug, 58, three months after two other nominees withdrew during the vetting process, and nine months after former Governor Stanley Fischer, who picked her as his deputy and deemed her a worthy successor, announced he would leave June 30.