Prime Minister Binyamin Netanyahu credited outgoing Bank of Israel governor Stanley Fischer with playing a "major role" in Israel's economic growth and achievements. "His experience, his wisdom and his international connections opened a door to the economies of the world and assisted the Israeli economy in reaching many achievements, during a period of global economic crisis," he said.

"I thank Stanley Fischer. I had the privilege of working with him both as Finance Minister, when he was appointed to the position, and as Prime Minister over the past four years," Netanyahu said.