DPR Awaits Prabowo's BI Governor Nominee

Indonesia's House of Representatives (DPR) is awaiting President Prabowo Subianto's official nomination for the next Bank Indonesia (BI) Governor. Commission XI, responsible for financial matters, has not yet been formally tasked by the Consultative Body (Banmus) to conduct the required fit and proper test for the candidate.

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According to the law, the president will propose a candidate for BI Governor to obtain approval from the DPR RI (Commission XI). Currently, to my knowledge, Commission XI has not received an assignment from Banmus to conduct a fit and proper test.

According to law, the president proposes a candidate for BI Governor, who then requires approval from the DPR. The current process is on hold pending the president's submission. Meanwhile, officials are stressing the importance of maintaining stability in the rupiah's exchange rate throughout this leadership transition.

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What is important now in the process of replacing the Bank Indonesia Governor is that Bank Indonesia's role in maintaining exchange rate stability and the value of the rupiah must also be maintained.

Mohamad Hekal, Deputy Chairman of Commission XI, highlighted that the central bank's role in preserving the rupiah's value must continue uninterrupted. He expressed confidence that the appointment of BI Senior Deputy Governor Destry Damayanti as Acting Governor will sustain market confidence in the central bank's performance.

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The appointment of Ms. Destry as the interim Governor of Bank Indonesia is in accordance with the Bank Indonesia Law, and I am confident that she is capable of carrying out this task and assuring all industry players that BI will carry out its duties effectively.

Destry Damayanti was appointed Acting Governor following the voluntary resignation of Perry Warjiyo for personal reasons. Her interim appointment, in line with the Bank Indonesia Law, is expected to ensure the central bank continues its duties effectively. The process for selecting a permanent replacement is underway, adhering to legal provisions that involve nominations, selection, and confirmation by the president and the DPR.

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So, everything is already stipulated in the Bank Indonesia Law. So, those provisions will be followed.