Bank of Israel chief rated one of world's top bankers

Thursday, October 18, 2007 |  by Staff Writer

Bank of Israel Governor Prof. Stanley Fischer was awarded an "A" rating by the international economic journal Global Finance in its annual survey of national bank leaders.

The journal praised Fischer for managing to curb inflation despite a full-scale war along the country's northern border and an unstable political situation in Israel.

By comparison, Fischer's American counterpart, Ben S. Bernake, received a "C" rating.

Former Israeli Finance Minister Benjamin Netanyahu worked hard to convince Fischer to give up his professorship at Stanford University and his position as a senior director at Citicorp to immigrate to the Jewish state and assume control of the Bank of Israel.

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