Archive · 19 Jan 2026
Indonesia's President Nominates Nephew for Central Bank Role
The President of Indonesia, Prabowo Subianto, has chosen his nephew, Thomas Djiwandono, to be a deputy governor at the country's central bank.
This decision has raised some concerns because the central bank is usually run by experts who are not related to politicians.
The new nominee is currently a deputy finance minister and will need approval from the parliament before he can start his new job.
The government wants the economy to grow much faster, and this appointment might help with that goal.
However, some people are worried that the central bank's independence could be affected.
Indonesian President Prabowo Subianto nominated his nephew, Thomas Djiwandono, for a central bank deputy governor position.
Djiwandono, currently a deputy finance minister, will need parliamentary approval to take the role.
The nomination has raised concerns about the central bank's independence as the government pursues ambitious economic growth targets.
Djiwandono is expected to replace current board member Juda Agung and may start in February.
The central bank is set to hold its next monthly monetary policy review later this week.
- Who
- Indonesian President Prabowo Subianto
- What
- Nominated his nephew, Thomas Djiwandono, for a central bank deputy governor position
- When
- The nomination is currently under consideration, with a potential start date in February
- Where
- Indonesia
- Why
- To support the government's ambitious economic growth targets and potentially influence monetary policy
- Nominee
- Thomas Djiwandono
- Current Position
- Deputy Finance Minister
- Replaced Member
- Juda Agung
- Approval Process
- Fit-and-proper test by parliament
- Expected Start Date
- February (pending approval)
- Government's Economic Target
- 8% growth by 2029
- Current Economic Growth
- About 5%