Israel on Sunday appointed Karnit Flug as central bank chief, replacing US-Israeli economist Stanley Fischer, who held the post for the past eight years, dpa reported.
Flug, 58, had served as Fischer's deputy for the past two years.
She had been acting central bank governor since Fischer's term ended on June 30. Prime Minister Benjamin Netanyahu had opposed her candidacy.
Fischer is a former World Bank chief economist and International Monetary Fund (IMF) deputy managing director.
Flug, who studied at Columbia University, New York, was born in Poland in 1955. She moved to Israel with her family as a toddler.