Indonesia’s Central Bank Governor Faces Potential Ouster Amid Allegations
Some members of Indonesia’s parliament plan to propose that President Prabowo Subianto remove the central bank governor due to concerns that he has not been properly backing the government’s policy. This move is reportedly linked to a new regulation passed by parliament earlier this month, which outlines the evaluation and dismissal procedures for public officials appointed by the legislature.
Prabowo Subianto is an Indonesian general and politician.
Born on October 24, 1949, he served as the Chief of Staff of the Indonesian Armed Forces from 1998 to 1999.
He later became a prominent opposition leader in Indonesia's politics.
In 2014, Prabowo ran for president but lost to Joko Widodo.
His wife, Hj. Titiek Subianto, is also involved in politics and has been a member of the Indonesian Parliament.
Prabowo has been known for his nationalist views and has been critical of Indonesia's foreign policies.
The new rules, which cover judges in top courts and leaders of institutions such as the police, military, and anti-corruption commission, have raised concerns among some lawmakers that they will be used to target certain individuals. According to Tempo magazine, several members of Prabowo’s coalition are planning to use this regulation to propose Warjiyo’s removal from his position as Bank Indonesia Governor.
New regulations are laws, policies, or guidelines introduced by governments, industries, or organizations to govern specific aspects of society.
These regulations aim to promote public safety, protect the environment, and ensure fair business practices.
Companies must comply with new regulations to avoid fines, penalties, and damage to their reputation.
Understanding the scope, requirements, and implementation timeline of new regulations is crucial for businesses to adapt and thrive in a changing regulatory landscape.
Perry Warjiyo has been serving as BI Governor since 2018 and was re-appointed in 2023. His term is set to run until 2028, but some lawmakers are now questioning his performance. While the government has not specified which policy Warjiyo is said to be not supporting, Tempo reported that he was considered ‘not cooperative regarding burden sharing,’ or cooperating with the government to handle economic problems.
Perry Warjiho is an Indonesian economist and civil servant who currently serves as the Governor of Bank Indonesia, the central bank of Indonesia.
He was appointed to this position in 2018 by President Joko Widodo.
Prior to his appointment, Warjiho served as Deputy Governor of Bank Indonesia from 2013 to 2018.
He has a Master's degree in economics from the University of Pittsburgh and a Bachelor's degree in economics from Gadjah Mada University.
Prabowo has a commanding majority in parliament, which could potentially make it easier for lawmakers to push through their proposal. However, Warjiyo did not immediately respond to requests for comment on the matter. A spokesperson for the president also stated that they have no information about such a plan.
Warjiyo was nominated by Joko Widodo, and gained parliamentary approval without opposition in 2018. His reappointment in 2023 was seen as a continuation of his tenure as BI Governor. The potential removal of Warjiyo from his position could have significant implications for the country’s economic policies and stability.
