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flag Thomas Djiwandono, nephew of Indonesia’s president, became Deputy Governor of Bank Indonesia on Feb. 9, 2026, sparking concerns over political influence and a prior rupiah drop.

flag Thomas Djiwandono, nephew of Indonesian President Prabowo Subianto, was sworn in as Deputy Governor of Bank Indonesia on February 9, 2026, following parliamentary approval and a presidential decree. flag His appointment, which marks a key leadership shift, raised concerns about political influence on monetary policy, contributing to a rupiah drop to a record low in January. flag Djiwandono, a former deputy finance minister, succeeds Juda Agung and has pledged support for growth-oriented policy and ending pandemic-era burden-sharing between government and the central bank. flag The central bank maintained unchanged interest rates to stabilize the currency, which began recovering after the appointment.

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