Indonesia’a parliament has approved the appointment of the President’s nephew to the central bank.

Indonesia’s parliament is poised to approve President Prabowo Subianto’s nephew, Thomas Djiwandono, as a deputy governor of the central bank. His nomination sparked investor concerns over Bank Indonesia’s independence, contributing to the rupiah briefly falling to a record low. Thomas stated he resigned from Prabowo’s party and emphasized that central bank independence must remain intact. Lawmakers endorsed him unanimously, citing his ability to foster synergy between fiscal and monetary policy.

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https://www.reuters.com/world/asia-pacific/indonesian-parliament-set-approve-presidents-nephew-central-bank-board-member-2026-01-27/