Fischer, hospitalized briefly, to return to finish job

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June 26, 2013 18:33
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Just hours after giving his final public remarks as Bank of Israel Governor before his June 30th departure from the position, Stanley Fischer was taken to Sheba Hospital at Tel-Hashomer late Tuesday night for symptoms of dehydration.

After undergoing a series of examinations and receiving an infusion of fluids to treat dehydration, Fischer was released on Wednesday, and promised to return to work on Thursday.

"The Governor thanked the medical staff for their dedicated and professional treatment, and conveyed his thanks for the public's concern over his well-being," a Bank of Israel statement said.

Fischer, 69, served as the Bank of Israel Governor for eight years, and was widely hailed as a positive force for the Israeli economy, guiding it to prosperity through difficult times. On Sunday, Prime Minister Binyamin Netanyahu and Finance Minister Yair Lapid nominated former BOI Governor Jacob Frenkel, who served in the 1990s, to return to the position.

Frenkel has to be approved by President Shimon Peres on the recommendations of a committee, but his nomination could face challenges based on his previous two terms in the position.

Until a new governor is installed, Fischer's deputy Karnit Flug will serve as acting governor.

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