Victor Medina resigned Thursday as director general of the Treasury. He gave no reason for quitting, but apparently was angered over being left out of the decision-making process by Finance Minister Shimon Peres.
The first signs of friction developed shortly after Peres took office last Dec. 22, when he ordered a 5 percent devaluation of the shekel without consulting Medina.
The director general was not consulted when the government adopted the new national budget nor during the Treasury’s recent cost-of-living negotiations with the Histadrut.
Median, a highly respected civil servant, formerly headed the monetary department at the Bank of Israel, Israel’s central bank.
He left that post over differences with Bank of Israel Governor Michael Bruno.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
