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| '''Yitzhak Moda'i''' ({{lang-he|יצחק מודעי}}, born ] ], died ] ]) was an ]i politician, who served five terms in the Israeli ] for ] and then the ] over the course of a 20 year career. | '''Yitzhak Moda'i''' ({{lang-he|יצחק מודעי}}, born ] ], died ] ]) was an ]i politician, who served five terms in the Israeli ] for ] and then the ] over the course of a 20 year career. | ||
| Moda'i was a member of the now-defunct ], which later merged into the ]. He was a member of several Likud cabinets, and served as minister without portfolio, finance minister, justice minister and energy and infrastructure minister. He is best known for the 1985 economic stabilization plan that |
Moda'i was a member of the now-defunct ], which later merged into the ]. He was a member of several Likud cabinets, and served as minister without portfolio, finance minister, justice minister and energy and infrastructure minister. He is best known for the 1985 economic stabilization plan that managed to curtail Israel's ] of the early 1980s, which he, as finance minister, devised together with then-Prime Minister ]. | ||
| <ref></ref> | <ref></ref> Thanks to the plan, the ] averted total collapse and inflation was reduced from an annual rate of almost 450% to less than 20% in less than two years. This has become a model for other countries facing similar economic situations. | ||
| In 1990 he and four other MKs (all of them former members of the Liberal Party) broke away from Likud to form the ''Party for the Advancement of the Zionist Idea'', later renamed the ''New Liberal Party''. The party failed to cross the ] in the ] and Moda'i lost his seat. | In 1990 he and four other MKs (all of them former members of the Liberal Party) broke away from Likud to form the ''Party for the Advancement of the Zionist Idea'', later renamed the ''New Liberal Party''. The party failed to cross the ] in the ] and Moda'i lost his seat. | ||
Revision as of 02:39, 25 November 2007
Template:MKs Yitzhak Moda'i (Template:Lang-he, born 17 January 1926, died 22 May 1998) was an Israeli politician, who served five terms in the Israeli Knesset for Likud and then the New Liberal Party over the course of a 20 year career.
Moda'i was a member of the now-defunct Liberal Party, which later merged into the Likud. He was a member of several Likud cabinets, and served as minister without portfolio, finance minister, justice minister and energy and infrastructure minister. He is best known for the 1985 economic stabilization plan that managed to curtail Israel's hyperinflation of the early 1980s, which he, as finance minister, devised together with then-Prime Minister Shimon Peres. Thanks to the plan, the Israeli economy averted total collapse and inflation was reduced from an annual rate of almost 450% to less than 20% in less than two years. This has become a model for other countries facing similar economic situations.
In 1990 he and four other MKs (all of them former members of the Liberal Party) broke away from Likud to form the Party for the Advancement of the Zionist Idea, later renamed the New Liberal Party. The party failed to cross the electoral threshold in the 1992 elections and Moda'i lost his seat.
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| Preceded byYigal Cohen-Orgad | Finance Minister of Israel 1984-1986 |
Succeeded byMoshe Nissim |
| Preceded byYitzhak Shamir | Finance Minister of Israel 1990-1992 |
Succeeded byAvraham Shochat |
| Preceded byMoshe Nissim | Israeli Minister of Justice 1986 |
Succeeded byAvraham Sharir |
| Finance ministers of Israel | ||
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Justice ministers of Israel  | ||
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| * entire or partial tenure as Substitute Justice Minister, until a replacement was found | ||
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