US EditionIndonesia president puts forward nephew for central bank job
President Prabowo nominated his nephew and two others for deputy governor roles amid concerns about central bank independence and efforts to meet an 8% growth target by 2029.
- On Jan 19, President Prabowo Subianto nominated his nephew Thomas Djiwandono to join Bank Indonesia's board and submitted a signed list of several nominees to parliament for consideration.
- After deputy governor Juda Agung resigned on Jan 13, Bank Indonesia confirmed he will join the finance ministry in a swap with Finance Minister Purbaya Yudhi Sadewa.
- Among the nominees, Thomas Djiwandono joins central bankers Solikin Juhro and Dicky Kartikoyono; Thomas is US-educated, a former businessman, ruling party member, and was made deputy minister in July 2024.
- Markets reacted as the rupiah hit a nine-month low on Jan 19, while Bank Indonesia begins a two-day policy meeting on Jan 20 with analysts expecting unchanged rates.
- Parliament is discussing a Bill to strengthen Bank Indonesia's role in supporting growth while fears over last year's burden-sharing deal and Prabowo's eight percent growth target by 2029 raise concerns about monetary independence.
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20 Articles
Chairman of Commission XI of the House of Representatives, M Misbakhun, stated that the fit and proper test process for candidates for Deputy Governor of Bank Indonesia (BI) will be held on Friday, January 23, 2026. One of the figures who will take the test is Deputy Minister of Finance Thomas Djiwandono.
Indonesia's rupiah hits record low on central bank independence worries
SINGAPORE - Indonesia's rupiah hit a record low on Tuesday as concerns over central bank independence resurfaced amid lingering fiscal worries that have kept investors nervous about Southeast Asia's biggest economy.
Indonesian President Prabowo Subianto has nominated his nephew to join the central bank's board of governors, his spokesperson said, amid growing concern about its independence as the government seeks more support for ambitious economic targets.
Prabowo Nominates Nephew as Bank Indonesia Deputy Governor
Indonesian President Prabowo Subianto has nominated his nephew to join the central bank's board of governors, his spokesperson said, amid growing concern about its independence as the government seeks more support for ambitious economic targets.
Indonesian President nominates nephew as central bank deputy governor
President Prabowo Subianto has tapped his nephew, who already serves as deputy finance minister, and two other candidates for the next deputy central bank governor after the incumbent's resignation
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