President Prabowo Subianto Nominates Nephew to Bank Indonesia Board as Rupiah Hits Record Low
President Prabowo Subianto nominated Thomas Djiwandono to the central bank board. The rupiah hit a record low of 16,985 per dollar amid fiscal concerns.
Insights:
President Prabowo Subianto prabowo subiantohas nominated his nephew, Thomas Djiwandono thomas djiwandono, to join the Board of Governors of Bank Indonesia, the central bank of Indonesia 
ID. The nomination, which was submitted to parliament, has intensified investor concerns regarding the institutional independence of the central bank. This development coincided with the Indonesian rupiah falling to a record low of 16,985 per dollar on Tuesday, January 20, 2026.
ID. The nomination, which was submitted to parliament, has intensified investor concerns regarding the institutional independence of the central bank. This development coincided with the Indonesian rupiah falling to a record low of 16,985 per dollar on Tuesday, January 20, 2026.
