Government Submits Three Candidates for BI Deputy Governor Position

New Leadership at Bank Indonesia

The Indonesian government has officially submitted three names to replace Juda Agung as Deputy Governor of Bank Indonesia (BI). According to Minister Secretary of State Prasetyo Hadi, the candidates were proposed through a Presidential Letter (Surpres) to the DPR RI on January 19, 2025.

Notable Candidate: Thomas Djiwandono

One of the prominent names among the three candidates is Thomas Djiwandono, who currently serves as Deputy Finance Minister. Interestingly, Thomas is the nephew of President Prabowo Subianto, adding a political dimension to the nomination. Prasetyo Hadi confirmed that Thomas was among the names proposed, stating, "There are several names being sent, and indeed one of them is the Deputy Finance Minister, Mr. Tommy Djiwandono."

Next Steps: Fit and Proper Test

The proposed candidates will now undergo a rigorous fit and proper test at the DPR RI. This parliamentary review is a crucial step in the appointment process, ensuring that the selected candidate possesses the necessary qualifications and integrity for the role.

Implications for Monetary Policy

The appointment of a new Deputy Governor is significant as it may influence Bank Indonesia's monetary policy direction. The new Deputy Governor will work closely with Governor Perry Warjiyo in shaping the country's monetary policy and maintaining financial stability.

Current Status and Future Outlook

As of the time of writing, Bank Indonesia has not issued an official statement regarding Juda Agung's resignation or the new nominations. The financial community will be watching closely as the selection process unfolds, particularly given the political connection of one of the leading candidates.