Prime Minister Binyamin Netnayahu and Finance Minister Yair Lapid will announce their third nominee to replace Stanley Fischer as Bank of Israel Governor by Sunday, a Lapid spokeswoman announced Wednesday.

Jacob Frenkel and Leo Leiderman, the first two nominees to replace the well-regarded Fischer, withdrew their nominations amid allegations of wrong-doing. Fischer's Deputy, Karnit Flug, has served as acting governor since he stepped down in June.

Since the withdrawals, three new candidates - Mario Blejer, Zvi Eckstein and Victor Medina - have been approved by the Turkel Committee, responsible for vetting nominees to certain high positions. Yet even since their approval in early September, Netanyahu and Lapid failed to select one of them as an official nominee.

Given the long lag time and reports of disagreement over who to nominate, it is unclear whether their final choice will be one of the approved candidates, or someone different altogether.

According to the spokeswoman, Netanyahu and Lapid decided the time had comes to announce the nominee by Sunday during a two-hour discussion they held Wednesday evening at the Knesset.

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