Bank of Israel chief convened stability panel amid market turmoil -media Reuters via

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© Reuters. FILE PHOTO: Bank of Israel Governor Amir Yaron gestures while he speaks during his interview with Reuters in Jerusalem June 16, 2020. Picture taken June 16, 2020. REUTERS/Ronen Zvulun

JERUSALEM (Reuters) – Bank of Israel Governor Amir Yaron held an emergency meeting of the country’s Financial Stability Committee late on Wednesday to discuss developments in the financial markets including a sharp weakening of the shekel, Israeli media reported.

The central bank on Thursday declined to comment on whether a meeting took place.

Israel’s shekel has plunged in recent sessions to a three-year low versus the dollar amid investor jitters stemming from the government’s plan to overhaul the country’s judiciary

Israeli media reported that the special meeting of the financial stability panel included senior Bank of Israel and Finance Ministry officials as well as the securities regulator.

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