Indonesia Nominates Thomas Djiwandono as Deputy Governor of Central Bank

Indonesia's Defense Minister Prabowo Subianto has nominated his nephew, Thomas Djiwandono, a U.S.-educated deputy finance minister and former businessman, as deputy governor of Bank Indonesia. The nomination follows the resignation of current deputy governor Juda Agung and requires parliamentary approval after a fit-and-proper test. Djiwandono previously attended central bank policy reviews without voting rights. This appointment occurs amid discussions on a bill to enhance the central bank's role in economic growth and amid market concerns over fiscal deficits and currency weakness.