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Last update - 14:49 04/05/2008
Bank of Israel Director General to resign from his post
By Tali Levy, Haaretz Correspondent
Tags: Yaakov Danon, Bank of Israel

Bank of Israel Director General Yaakov Danon has announced his intention to resign from his post and return to the business world.

Over the three years he held the position, Danon mainly focused on the labor dispute bank employees and management. In December 2007, negotiations led by Danon brought the signing of a historic new work agreement that allowed the Bank of Israel to continue to employ quality workers in long-term positions.

Beginning this year, the bank's annual budget will be determined with the work agreement in mind.
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Bank of Israel is at the moment taking measures to expand transparency in their operations, and took the unprecedented step last year of releasing bank financial records, which were published by the bank's accounting branch.

The accounting branch also reportedly plans to publish economic analysis, aspects of their job program, and operating budget
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