Moshe Sanbar
Encyclopedia
Moshe Sanbar is an economist and Israel
i public figure. He served as governor of the Bank of Israel
during 1971–1976. The Moshe Sanbar Institute for Applied Economic Research was named in his honor.
Sanbar was born on March 29, 1926 in Kecskemet
, Hungary
. His high school studies ended upon the Nazi occupation of Hungary. In June 1944 he was drafted to the Labour Service and shortly later sent to the Dachau concentration camp in Germany
. His parents, Solomon and Margaret Sandberg, were murdered in Auschwitz in 1944. Upon his liberation by the Allied forces in April 1945, Sanbar contracted typhus
. Following his recovery he returned to Hungary and studied economy in Budapest
University.
In 1948 Sanbar made Aliyah
to Israel and was drafted to the IDF
. He was discharged after his injury in the Israeli War of Independence. His MA studies at the Hebrew University of economics and sociology were completed in 1953.
For many years Sanbar was active in financial affairs within the academy, in public service and in the private sector. Between 1960- 1971 he held high level functions in the Israeli Ministry of Finance, concluding as a financial advisor to Minister Pinhas Sapir and as the Director of Budgeting. During these years Sanbar was involved with financial legislation and headed several government committees. On the subject of budget planning he was invited to advise the UN
. Following the Six Day War he conducted the economic policies concerning the Palestinians, as well as the development of unified Jerusalem.
In 1970 he was appointed Acting Minister of Trade and Industry, acting for Minister Sapir who remained active in his simulatenous appoitment as Minister of Finance. Between 1971 and 1976 Sanbar served as Governor of the Bank of Israel. His actions during and after Yom Kippur war
maintained a stabilized market.
After his retirement from public service Sanbar held many duties in the private sector, as head of industrial and financial institutions. Among his posts he was Chairman of Bank Leumi
(1988–1995). In the years 1976 - 1981 he chaired the national committee for the structure and work of local authorities in Israel. Since 1995 Sanbar serves as financial consultant, alongside voluntary work in cultural, educational and social organizations. He was also elected President of ICC
Israel and served as a member of its international executive.
Since 1987 he has been active in various national and international organizations working for the benefit of Holocaust survivors. He was Chairman of the Executive Board, Treasurer and Deputy Chairman of the Claims Conference
.
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
i public figure. He served as governor of the Bank of Israel
Bank of Israel
The Bank of Israel is the central bank of Israel. It is located in Kiryat HaMemshala in Israel's capital city of Jerusalem, with a branch office in Tel Aviv. The current governor is Stanley Fischer.-History:...
during 1971–1976. The Moshe Sanbar Institute for Applied Economic Research was named in his honor.
Sanbar was born on March 29, 1926 in Kecskemet
Kecskemét
Kecskemét is a city in the central part of Hungary. It is the 8th largest city of the country, and the county seat of Bács-Kiskun.Kecskemét lies halfway between the capital Budapest and the country's third-largest city, Szeged, 86 kilometres from both of them and almost equal distance from the two...
, Hungary
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
. His high school studies ended upon the Nazi occupation of Hungary. In June 1944 he was drafted to the Labour Service and shortly later sent to the Dachau concentration camp in Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
. His parents, Solomon and Margaret Sandberg, were murdered in Auschwitz in 1944. Upon his liberation by the Allied forces in April 1945, Sanbar contracted typhus
Typhus
Epidemic typhus is a form of typhus so named because the disease often causes epidemics following wars and natural disasters...
. Following his recovery he returned to Hungary and studied economy in Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...
University.
In 1948 Sanbar made Aliyah
Aliyah
Aliyah is the immigration of Jews to the Land of Israel . It is a basic tenet of Zionist ideology. The opposite action, emigration from Israel, is referred to as yerida . The return to the Holy Land has been a Jewish aspiration since the Babylonian exile...
to Israel and was drafted to the IDF
Israel Defense Forces
The Israel Defense Forces , commonly known in Israel by the Hebrew acronym Tzahal , are the military forces of the State of Israel. They consist of the ground forces, air force and navy. It is the sole military wing of the Israeli security forces, and has no civilian jurisdiction within Israel...
. He was discharged after his injury in the Israeli War of Independence. His MA studies at the Hebrew University of economics and sociology were completed in 1953.
For many years Sanbar was active in financial affairs within the academy, in public service and in the private sector. Between 1960- 1971 he held high level functions in the Israeli Ministry of Finance, concluding as a financial advisor to Minister Pinhas Sapir and as the Director of Budgeting. During these years Sanbar was involved with financial legislation and headed several government committees. On the subject of budget planning he was invited to advise the UN
United Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
. Following the Six Day War he conducted the economic policies concerning the Palestinians, as well as the development of unified Jerusalem.
In 1970 he was appointed Acting Minister of Trade and Industry, acting for Minister Sapir who remained active in his simulatenous appoitment as Minister of Finance. Between 1971 and 1976 Sanbar served as Governor of the Bank of Israel. His actions during and after Yom Kippur war
Yom Kippur War
The Yom Kippur War, Ramadan War or October War , also known as the 1973 Arab-Israeli War and the Fourth Arab-Israeli War, was fought from October 6 to 25, 1973, between Israel and a coalition of Arab states led by Egypt and Syria...
maintained a stabilized market.
After his retirement from public service Sanbar held many duties in the private sector, as head of industrial and financial institutions. Among his posts he was Chairman of Bank Leumi
Bank Leumi
Bank Leumi is an Israeli bank. It was founded in London as the Anglo Palestine Company on February 27, 1902, by members of the Zionist movement to promote the industry, construction, agriculture, and infrastructure of Palestine.-History:...
(1988–1995). In the years 1976 - 1981 he chaired the national committee for the structure and work of local authorities in Israel. Since 1995 Sanbar serves as financial consultant, alongside voluntary work in cultural, educational and social organizations. He was also elected President of ICC
International Chamber of Commerce
The International Chamber of Commerce is the largest, most representative business organization in the world. Its hundreds of thousands of member companies in over 130 countries have interests spanning every sector of private enterprise....
Israel and served as a member of its international executive.
Since 1987 he has been active in various national and international organizations working for the benefit of Holocaust survivors. He was Chairman of the Executive Board, Treasurer and Deputy Chairman of the Claims Conference
Claims Conference
The Conference on Jewish Material Claims Against Germany, or Claims Conference, represents world Jewry in negotiating for compensation and restitution for victims of Nazi persecution and their heirs...
.