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flag Indonesia’s president nominates his nephew for central bank deputy role, raising independence concerns.

flag Indonesian President Prabowo Subianto has nominated his nephew, Thomas Djiwandono, a U.S.-educated former businessman and deputy finance minister, to become a deputy governor at Bank Indonesia, pending parliamentary approval. flag The appointment, expected in February, raises concerns about the central bank’s independence as Prabowo pushes for 8% economic growth by 2029. flag Djiwandono, who previously attended policy meetings without voting rights, will replace outgoing board member Juda Agung. flag The move follows last year’s burden-sharing agreement that let the central bank support government programs, fueling worries over political influence. flag The bank’s next monetary policy review is upcoming.

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