In accordance with the Bank of Israel Law, 5770-2010, if the Governor has ceased to serve in the position, the Deputy Governor shall take the place of the Governor and shall be authorized to exercise the Governor’s powers until a new Governor is appointed. As such, beginning tomorrow, November 14th, 2018, and until the new Governor shall take up the position, Deputy Governor Dr. Nadine Baudot-Trajtenberg shall serve as Acting Governor and will be authorized to exercise the powers accorded to the Governor. The date of the new Governor beginning his term in office shall be determined after his appointment is approved by the Government.