Bank Indonesia Governor Perry Warjiyo Resigns
Jakarta. Indonesia’s central bank governor Perry Warjiyo has officially stepped down from his position following months of a free-falling rupiah.
President Prabowo Subianto had greenlit his resignation letter, according to State Secretary Prasetyo Hadi at a live-broadcast press conference on Monday morning. Prasetyo said that Prabowo had extended his “utmost appreciation for his dedication in leading Bank Indonesia for around 7 years”.
Bank Indonesia’s senior deputy governor Destry Damayanti will take over Perry’s role as an interim chief.
Destry claimed that Perry had “voluntarily made the decision” based on “personal reasons”, without going into more details.
“The candidate [for a definitive governor] shall be proposed and appointed by the president. This is subject to the House of Representatives’ approval,” Destry told reporters.
She went on to say that the shake-up would not affect Bank Indonesia’s duties in “ensuring the rupiah exchange rate, payment and financial systems remain stable.”
Bank Indonesia has been under pressure since the US-Iran war erupted in late February. The rupiah continues to hit its weakest level against the greenback, and even closed at Rp 17,963 per dollar in the spot market on Friday.
Tags: Keywords:
as a preferred
Related Articles
Rupiah Buckles Under MSCI Pressure, Sinks Past Rp 18,000
Rupiah fell 0.50% to Rp 18,027 per dollar as MSCI’s proposed downgrade of Indonesia’s market status rattled investor confidence.
Rupiah Breaks Rp 18,000 as MSCI Review Triggers Market Turmoil
Rupiah breached Rp 18,000 per USD as MSCI's proposed market reclassification rattled investor sentiment and intensified market pressure.
Indonesia’s External Debt Rises to $459.3 Billion in August
Indonesia’s external debt rose 5.6% year-on-year to $459.3 billion in August, as public borrowing offset a decline in private debt.
Indonesia Pushes Rupiah-Yuan, Rupiah-Ringgit Trade to Reduce Dollar Demand
BI is urging greater use of local currencies in cross-border trade to reduce dollar demand as the rupiah trades beyond Rp 18,000.
Rupiah Breaches Rp 18,000 per Dollar on Tuesday as US Yields Pressure Emerging Markets
Rupiah fell to Rp 18,002 per US dollar as a stronger greenback and elevated US yields pressured emerging-market currencies.
Rupiah Slides Toward Rp 18,000 as Asian Currencies Weaken
rupiah weakened 0.34% to Rp 17,964 per dollar, nearing Rp 18,000 as Bank Indonesia stepped up currency stabilization efforts.
Economist Urges Bank Indonesia to Step Up Intervention as Rupiah Nears Rp18,000
The rupiah nears Rp18,000 per dollar as a stronger US currency, high oil prices and capital outflows intensify pressure.
Rupiah Edges Higher as Iran Talks, US-China Truce Ease Pressure
Rupiah rose 0.07% to Rp 17,903 on Friday as easing geopolitical tensions and a US-China trade truce supported the currency.
Indonesian Stocks Rebound as Strong Domestic Liquidity Offers Support
Indonesian stocks rebound at Friday's open as solid domestic liquidity offsets pressure from oil prices and rising US Treasury yields.
BI Cites US Treasury Yields, $100 Oil as Rupiah Comes under Pressure
The rupiah weakened toward Rp 17,900 as rising US Treasury yields, oil above $100 and portfolio outflows pressured the currency.The Latest
UN Boss Wants to Fix Security Council as Indonesia Seeks Seat
Outgoing UN chief Guterres says the current permanent member setup at the Security Council fails to reflect today's realities.
Saudi Flagship Investment Conference Pushed to 2027 after Houthi Attacks
The annual Future Investment Initiative (FII), often dubbed "Davos in the Desert", was originally scheduled to take place from October 26-29
Government Sets Aside Rp 1.3 Quadrillion for Final-Quarter Spending
Government spending has reached Rp 2.66 quadrillion, equivalent to 69.2% of the full-year budget target of Rp 3.84 quadrillion.
Indonesia Probes 98 Corporate Wildfire Cases, Including Possible Foreign Links
Police investigate 98 corporate-related wildfire cases, including possible links to investors from neighboring countries.
Students Plan Jakarta Protests to Mark Two Years of Prabowo's Presidency
Police have advised the public to avoid areas around the House of Representatives complex, the National Monument and the State Palace.Most Popular
