Indonesia's New Central Bank Governor Pledges Rupiah Stability
- Parliament approves Warjiyo as next Bank Indonesia governor
- Rupiah is among worst-performing currencies in Asia this year
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Indonesia’s incoming central bank governor vowed to ensure the stability of the currency as emerging markets brace for further volatility on the back of rising interest rates in the U.S. and elsewhere.
The Indonesian parliament on Tuesday confirmed Perry Warjiyo, 59, as the next governor of Bank Indonesia following last week’s endorsement of lawmakers from a committee responsible for financial affairs. Warjiyo, who was President Joko Widodo’s sole nominee for the role, will take over from Agus Martowardojo whose five-year term ends in May.