Perry Warjiyo steps down from BI; Destry is interim governor
The rupiah briefly weakened toward Rp18.000 per dollar, while markets focused on Bank Indonesia’s independence and a permanent successor.
The rupiah briefly weakened toward Rp18.000 per dollar, while markets focused on Bank Indonesia’s independence and a permanent successor.
Danantara will join routine KSSK meetings and take part in each decision, broadening coordination beyond fiscal and monetary policy.
The president must nominate the next BI governor, who then needs approval from Commission XI after a fit-and-proper test in the DPR.
Markets are awaiting a permanent BI governor after Destry Damayanti was named acting chief, a move seen as limiting policy disruption.
President has received the resignation letter, while Destry Damayanti is named to lead BI on an interim basis.
Bank Indonesia named Destry in a July 26 RDG decision, as economists watch for policy continuity and rupiah stability.
The meeting also brought in Danantara, while a permanent BI governor replacement was not discussed and awaits the law and DPR approval.
Rupiah held near Rp17.953 per U.S. dollar as investors also awaited the Federal Reserve meeting this week.