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Indonesia’s parliament approved Thomas Djiwandono for a Bank Indonesia deputy governor role, sparking concerns over central bank independence amid currency turmoil.
Indonesia’s parliament has approved Thomas Djiwandono, nephew of President Prabowo Subianto, for a deputy governor role at Bank Indonesia, pending final approval.
The nomination has raised concerns over central bank independence amid the rupiah’s record low of 16,985 per dollar.
The central bank kept interest rates unchanged to stabilize the currency.
The move follows calls for better coordination between fiscal and monetary policy to boost growth.
A separate nomination, Solikin M. Juhro, is also under review by lawmakers ahead of a full vote.
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El parlamento de Indonesia aprobó a Thomas Djiwandono para un puesto de vicegobernador del Banco de Indonesia, lo que generó preocupaciones sobre la independencia del banco central en medio de la crisis monetaria.