Former Bank of Israel governor Moshe Sanbar.
Former Bank of Israel governor Moshe Sanbar. Photo by Eyal Toueg
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Moshe Sanbar, Bank of Israel governor from 1971 to 1976 when the country was buffeted by the Yom Kippur War and the global energy crisis, died yesterday at 86.

His death was announced by the Center of Organizations of Holocaust Survivors in Israel, an umbrella group that he founded, later serving as chairman.

Before that he served as budget director at the Finance Ministry, economic adviser to the finance minister and chairman of Industrial Development Bank. He also served as acting trade and industry minister.

After the 1967 Six-Day War, Sanbar helped shaped Israel's economic policies in the West Bank and Gaza Strip. Sanbar was born in Hungary and survived the Holocaust, although his parents died at Auschwitz. He was wounded in Israel's War of Independence.