An alleged shoplifting incident in Hong Kong in 2006 has become a major issue over whether Yaakov Frenkel will return to his former post as Governor of the Bank of Israel, replacing Stanley Fischer who is quitting in mid-term to return to the United States. Prime Minister Binyamin Netanyahu’s nomination of Frenkel two weeks ago […]
By Batya Medad
In actuality, Lapid as Finance Minister, isn't doing all that well.
Bank of Israel Governor Stanley Fischer launched a new war on the falling shekel-dollar rate Monday and ordered the purchase of $100 million of greenbacks, soon after the rate dropped close to 3.59 shekels to the dollar for the first time in nearly two years. The massive purchase catapulted the rate from the 18-month low […]
By Rafi Farber
There should be no central bank which regulates the supply of money.
