The Bank of Israel is the central bank of Israel. Its objectives are to maintain price stability, support the Government’s objectives – especially growth and employment, and support the stability of the financial system. It also administers and implements monetary policy in Israel, conducts foreign exchange operations, supervises and regulates the banking system, takes care of the foreign reserves and operations of the financial market infrastructure. By monitoring and assessing developments in Israel’s foreign currency market, the Bank of Israel conducts the exchange rate policy and publishes the representative exchange rate of the New Israeli Shekel against foreign currencies. The current governor is Doctor Karnit Flug.