Yitzhak Moda'i

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Yitzhak Moda'i
Date of birth	17 January 1926
Date of death	22 May 1998
Knesset(s)	8th, 9th, 10th, 11th, 12th
Party	New Liberal Party
Former parties	Likud
Gov't roles (current in bold)	Minister of Energy & Infrastructure Minister of Communications Minister without Portfolio Minister of Finance Minister of Justice Minister of Economics & Planning

Yitzhak Moda'i (Hebrew: יצחק מודעי‎, 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. ^[1] 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 plan 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.

[edit] References

1. ^ Yitzhak Moda'i, 20-year veteran of Knesset, 72

[edit] External links

• Yitzhak Moda'i on the Knesset website (in English)

v • d • e Finance Ministers of Israel Eliezer Kaplan (1948-52) • Levi Eshkol (1952-63) • Pinchas Sapir (1936-68) • Ze'ev Sherf (1968-69) • Pinchas Sapir (1969-74) • Yehoshua Rabinovitz (1974-77) • Simha Erlich (1977-79) • Yigael Hurvitz (1979-81) • Yoram Aridor (1981-83) • Yigal Cohen-Orgad (1983-84) • Yitzhak Moda'i (1984-86) • Moshe Nissim (1986-88) • Shimon Peres (1988-90) • Yitzhak Shamir (1990) • Yitzhak Moda'i (1990-92) • Avraham Shochat (1992-96) • Dan Meridor (1996-97) • Benjamin Netanyahu (1997) • Yaakov Neeman (1997-98) • Benjamin Netanyahu (1998-99) • Meir Sheetrit (1999) • Avraham Shochat (1999-2001) • Silvan Shalom (2001-03) • Benjamin Netanyahu (2003-05) • Ehud Olmert (2005-06) • Avraham Hirschson (2006-07) • Roni Bar-On (2007-date)

v • d • e Justice Ministers of Israel Pinchas Rosen (1948-51) · Dov Yosef (1951-52) · Haim Cohen (1952) · Pinchas Rosen (1952-56) · David Ben-Gurion (1956-58) · Pinchas Rosen (1958-61) · Dov Yosef (1961-66) · Yaakov Shimshon Shapiro (1966-72) · Golda Meir (1972) · Yaakov Shimshon Shapiro (1972-73) · Golda Meir (1973-74) · Haim Yosef Tzadok (1974-77) · Menachem Begin (1977) · Shmuel Tamir (1977-80) · Moshe Nissim (1980-86) · Yitzhak Moda'i (1986) · Avraham Sharir (1986-88) · Dan Meridor (1988-92) · David Libai (1992-96) · Yaakov Neeman (1996) · Benjamin Netanyahu (1996) · Tzachi Hanegbi (1996-99) · Yossi Beilin (1999-2001) · Meir Sheetrit (2001-2003) · Tommy Lapid (2003-04) · Tzipi Livni (2004-06)* · Haim Ramon (2006) · Meir Sheetrit (2006)* · Ehud Olmert (2006)* · Tzipi Livni (2006-07) · Daniel Friedmann (2007-present) * - Entire or partial tenure as Substitute Justice Minister, until a replacement was found