In the midst of market turmoil, the head of the Bank of Israel called a stability group —

(Reuters) – JERUSALEM According to Israeli media, Bank of Israel Governor Amir Yaron convened an emergency meeting of the country’s Financial Stability Committee late on Wednesday to review financial market events, including the steep depreciation of the shekel.

On Thursday, the central bank refused to comment on whether or not a meeting took place.

The shekel has dropped to a three-year low against the dollar in recent sessions, owing to investor concerns about the government’s plan to reform the country’s courts.

According to Israeli media, top Bank of Israel and Finance Ministry officials, as well as the stock supervisor, attended the special meeting of the financial stability council.