US EditionNephew of Indonesia's President Gets Nod to Become Central Bank ...
Thomas Djiwandono's appointment aims to enhance coordination between Bank Indonesia and government despite concerns over central bank independence affecting the rupiah exchange rate.
- On Jan 27, Indonesia's parliament appointed Thomas Djiwandono, President Prabowo Subianto's nephew, as Bank Indonesia deputy governor, and deputy house speaker Saan Mustopa said the House plenary unanimously agreed.
- The parliamentary finance commission, chaired by Mukhamad Misbakhun, endorsed Thomas on Jan 26 after competency tests and vision presentations; approval awaits a wider parliamentary vote Tuesday.
- Thomas told reporters after the appointment he would keep Bank Indonesia's independence and said he resigned from Prabowo's Gerindra party in December 2025.
- Investors pushed the rupiah to a record low of 16,985 per dollar last week amid concerns over BI's independence, but it later recovered after Bank Indonesia kept rates unchanged.
- After the appointment, the remaining step is formal swearing‑in by the Supreme Court, and President Prabowo aims to lift economic growth to 8 per cent by 2029 from its current rate of around 5 per cent.
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12 Articles
Commission XI of the House of Representatives stated that it had selected Thomas Djiwandono as Deputy Governor of Bank Indonesia (BI).
According to Said, Thomas' strong background in the monetary sector was one of the main reasons for his nomination to fill the position of Deputy Governor of BI vacated by Juda Agung.
Channel News Asia
PressNewsAgencyIndonesian lawmakers to approve new central bank board member
JAKARTA, Jan 26 : Indonesia's parliament is set to give its initial approval for a new member of the central bank's board late on Monday, once it has completed competency tests for President Prabowo Subianto's nephew Thomas Djiwandono and two other nominees.The parliament's finance commission is scheduled on
The rupiah weakened again following the election of Thomas Djiwandono, President Prabowo Subianto's nephew, as Deputy Governor of BI.
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