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The appointments committee headed by former Supreme Court Justice Gavriel Bach has appointed Professor Avia Spivak and Dr. Meir Sokoler as deputies to Bank of Israel Governor David Klein.

The cabinet has to approve the appointments next Sunday. Spivak is head of the Department of Economics, Ben Gurion University of the Negev. He was Prime Minister Ariel Sharon and Finance Minister Silvan Shalom's favored candidate, but is acceptable to Bank of Israel Governor David Klein.

Sokoler is a senior director at the bank, and a member of the management. Klein has recently expanded Sokoler's responsibilities in preparation for this appointment.

The deputies will each cost the bank NIS 1.5 million to NIS 2 million annually.

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