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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Bank Indonesia Governor Perry Warjiyo Resigns; Acting Governor Appointed

From Tempo · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Bank Indonesia Governor Perry Warjiyo has resigned, with President Prabowo Subianto accepting his resignation.
  • State Secretary Minister Prasetyo Hadi announced the resignation and stated the government will follow the legal process for his dismissal.
  • Senior Deputy Governor Destry Damayanti will temporarily assume the role of acting governor until a permanent replacement is appointed.

Bank Indonesia Governor Perry Warjiyo has resigned, a move officially announced by State Secretary Minister Prasetyo Hadi on Monday. President Prabowo Subianto has accepted Warjiyo's resignation, expressing gratitude for his approximately seven years of service leading the central bank.

The government will now proceed with the administrative process to formally dismiss Warjiyo. According to the Bank Indonesia Law, the Senior Deputy Governor, Destry Damayanti, will step in as the acting governor. She will manage all the duties and authorities of the position until a new governor is definitively appointed through the established regulatory mechanisms.

Yesterday, we officially received the resignation letter from the Bank Indonesia Governor to the president.

โ€” Prasetyo HadiState Secretary Minister Prasetyo Hadi announcing the receipt of Perry Warjiyo's resignation letter.

Warjiyo's tenure at the helm of Bank Indonesia has seen various economic developments, including recent reports on foreign capital inflows, the rupiah's performance against the US dollar, and money supply growth. The central bank has also been navigating global financial conditions, maintaining its benchmark interest rate at 5.75% in an effort to support rupiah stability.

President Prabowo has accepted Perry Warjiyo's resignation with gratitude and appreciation for his dedication in leading Bank Indonesia for approximately seven years.

โ€” Prasetyo HadiState Secretary Minister Prasetyo Hadi commenting on President Prabowo's acceptance of the resignation.
DistantNews Editorial

Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.