Moshe Sanbar, Hungarian-Israeli banker and economist (d. 2012)

Moshe Sanbar, born on March 29, 1926, in Hungary, was a towering figure in Israel's economic landscape and public service for decades, leaving an indelible mark before his passing on October 1, 2012. His life story, marked by incredible resilience and dedication, saw him rise from the depths of a Holocaust concentration camp to the esteemed position of Governor of the Bank of Israel, navigating the complexities of a young nation's economic development.

A Life Forged in Adversity and Dedication

Sanbar's early life was irrevocably shaped by the horrors of World War II, during which he endured the unimaginable suffering of Dachau Concentration Camp. His survival stands as a testament to his innate strength and will. Following the war, like many survivors, he found a new home and purpose in the nascent state of Israel. This profound experience undoubtedly influenced his later commitment to public service and his eventual efforts to aid fellow Holocaust survivors.

The Architect of Israel's Economic Foundation

Upon immigrating to Israel, Moshe Sanbar quickly distinguished himself in the field of economic research. His sharp intellect and analytical prowess soon drew him into the vital work of the Ministry of Finance, where he embarked on a remarkable career trajectory. From 1958 to 1960, he led the research division, laying crucial groundwork for national economic policies. His responsibilities grew, serving as deputy director of the State Income Directorate from 1960 to 1963, a period of significant growth and challenge for Israel.

His influence deepened as he became head of the Budget Directorate and a key economic advisor to the minister from 1963 to 1968. During this pivotal era, Moshe Sanbar played a central role in shaping the state budget, a critical tool for nation-building. Such was his trusted expertise that he served as a personal, professional consultant to two of Israel's most prominent ministers, Levi Eshkol and Pinhas Sapir. For Sapir, he specifically acted in his capacity as Minister of Trade and Industry between 1970 and 1971, guiding the nation's commercial and industrial strategy.

Governor of the Bank of Israel: A Defining Role

In 1971, Moshe Sanbar reached the pinnacle of his civil service career, appointed as Governor of the Bank of Israel. This prestigious five-year term, lasting until 1976, placed him at the helm of the country's central bank during a period of considerable economic and geopolitical flux. The Bank of Israel, akin to central banks globally, is responsible for maintaining price stability, supporting economic growth, and regulating the banking system. Sanbar's leadership was instrumental in guiding Israel's monetary policy and financial stability through challenging times, showcasing his profound understanding of economics and his steady hand in governance.

Beyond the Central Bank: A Multifaceted Legacy

Even after his tenure at the Bank of Israel concluded, Sanbar's commitment to public service remained unwavering. In 1977, he was appointed chairperson of the Sanbar Commission, an important body focused on addressing issues related to local authorities. His contributions extended across four main fields, demonstrating his broad impact:

• Civil Service: His foundational work in the Ministry of Finance and his leadership at the Bank of Israel were cornerstones of his extensive career, advising ministers and shaping national policy.
• Public Sector: Sanbar dedicated himself to various activities in education, culture, sports, and science. His long-standing association with the renowned Habima Theatre and the College of Management highlights his passion for enriching Israel's cultural and educational landscape. In a deeply personal continuation of his life's journey, in the late 1980s, he became profoundly involved in benefiting Holocaust survivors, eventually serving as world treasurer and chairman of the executive in the Claims Conference. This organization plays a crucial role in securing material compensation and restitution for Holocaust survivors globally, a cause close to Sanbar's own experience.
• Academia: As a researcher and statistician at the Institute for Social Applied Research, where he rose to deputy director, Sanbar contributed significantly to scholarly understanding. He later lectured at two of Israel's most esteemed institutions, Tel Aviv University and the Hebrew University of Jerusalem, sharing his knowledge with future generations. In a lasting tribute to his intellectual contributions, a research institute was founded in his honor at the College of Management.
• Private Sector: Displaying his versatile expertise, Sanbar also headed various financial and industrial institutes, bridging the gap between public policy and private enterprise.

Moshe Sanbar's life was a remarkable testament to resilience, intellect, and profound dedication. From surviving the Holocaust to becoming a pivotal figure in the economic and public life of Israel, his legacy as an Israeli economist and public figure continues to inspire.

Frequently Asked Questions About Moshe Sanbar

Who was Moshe Sanbar?

Moshe Sanbar (1926–2012) was a highly respected Israeli economist and public figure, known for his distinguished career in the Ministry of Finance, his tenure as Governor of the Bank of Israel, and his dedicated work with Holocaust survivors.

What was his most prominent role?

His most prominent role was serving as the Governor of the Bank of Israel from 1971 to 1976, where he guided the nation's monetary policy and financial stability.

What was Moshe Sanbar's connection to the Holocaust?

Moshe Sanbar was a survivor of the Dachau Concentration Camp during World War II. This harrowing experience profoundly shaped his life, leading him in later years to become a key figure in the Claims Conference, working to benefit other Holocaust survivors.

What other significant contributions did he make?

Beyond his central bank governorship, Sanbar held various critical roles in the Israeli Ministry of Finance, advised ministers Levi Eshkol and Pinhas Sapir, chaired the Sanbar Commission on local authorities, was active in public sector organizations like Habima Theatre and the College of Management, lectured at major universities, and led private financial and industrial institutes. His work with the Claims Conference for Holocaust survivors was also a significant part of his later life.

When did Moshe Sanbar pass away?

Moshe Sanbar passed away on October 1, 2012, at the age of 86.