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Parliament Backs Djiwandono Amid Rupiah Crisis Concerns

1/27/2026

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Summary

Story summary

The Indonesian parliamentary finance commission approved Thomas Djiwandono, nephew of President Prabowo Subianto, for deputy governor of Bank Indonesia.
The nomination raises concerns about Bank Indonesia's independence.
A broader parliamentary vote is set for January 27.
The rupiah hit a record low of 16,985 per dollar.
Thomas Djiwandono emphasized coordinating monetary and fiscal policies to boost growth toward 8% by 2029.

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Story summary

The Indonesian parliamentary finance commission approved Thomas Djiwandono, nephew of President Prabowo Subianto, for deputy governor of Bank Indonesia.
The nomination raises concerns about Bank Indonesia's independence.
A broader parliamentary vote is set for January 27.
The rupiah hit a record low of 16,985 per dollar.
Thomas Djiwandono emphasized coordinating monetary and fiscal policies to boost growth toward 8% by 2029.