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flag Indonesia’s parliament approved Thomas Djiwandono for a Bank Indonesia deputy governor role, sparking concerns over central bank independence amid currency turmoil.

flag Indonesia’s parliament has approved Thomas Djiwandono, nephew of President Prabowo Subianto, for a deputy governor role at Bank Indonesia, pending final approval. flag The nomination has raised concerns over central bank independence amid the rupiah’s record low of 16,985 per dollar. flag The central bank kept interest rates unchanged to stabilize the currency. flag The move follows calls for better coordination between fiscal and monetary policy to boost growth. flag A separate nomination, Solikin M. Juhro, is also under review by lawmakers ahead of a full vote.

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