Indonesian Central Bank Governor Resigns Before Term Ends
Indonesian Central Bank Governor Resigns Before Term Ends
Bank Indonesia Governor Perry Warjiyo during a press conference of the Financial System Stability Committee in Jakarta on May 7, 2026.
The governor of Indonesia’s central bank resigned on Monday before the end of his term, according to a government announcement, as the country struggles with a declining currency and other economic problems stemming from the war in the Middle East.
State Minister Prasetyo Hadi told reporters in Jakarta that President Prabowo Subianto had accepted the resignation of Perry Warjiyo, who had served as Governor of Bank Indonesia since 2018. His second term was due to end in 2028.
Appointment of Deputy Governor
Warjiyo cited personal reasons for his resignation, which he submitted on July 25, without disclosing further details.
Prasetyo said the President expressed his deep gratitude to Warjiyo “for his dedication over nearly seven years leading Bank Indonesia,” adding that the bank’s Senior Deputy Governor, Destri Damayanti, had been appointed as acting governor.
The Indonesian currency has been severely impacted by the surge in energy prices resulting from the war in the Middle East.
Rise in Consumer Prices in June
According to reports, the Indonesian currency is the worst performer in Asia, having lost nearly 7% of its value since the start of the war. Bank Indonesia raised its main interest rate by 100 basis points this year to 5.75%.
Indonesia has the largest economy in Southeast Asia and is a net oil importer. The government has insisted on continuing to heavily subsidize fuel prices despite the substantial costs borne by the state treasury.
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Consumer prices rose by 3.34% in June, and increasing economic pressures have led to student protests demanding the government stop excessive spending, particularly a billion-dollar free meal program, which was later scaled back.
Indonesia
Indonesia is a country in Southeast Asia, made up of thousands of islands, with a rich history marked by Hindu, Buddhist, and Islamic influences. It was colonized by the Dutch for centuries, known as the Dutch East Indies, before declaring its independence in 1945. Today, it is renowned for its cultural diversity, ancient temples such as Borobudur, and spectacular landscapes.
Jakarta
Jakarta is the capital of Indonesia, a bustling port city on the island of Java, with a rich history beginning in the 4th century as the port of Sunda Kelapa. Later, it was known as Batavia during the Dutch colonial period, becoming an important commercial and administrative center. Today, Jakarta is a vibrant mix of cultures, colonial buildings, and modern skyscrapers, reflecting both its tumultuous past and rapid contemporary development.
Middle East
The Middle East is a historical and cultural region located at the crossroads of Asia, Africa, and Europe, known as the cradle of great ancient civilizations (Mesopotamia, Ancient Egypt) and monotheistic religions (Judaism, Christianity, Islam). Over the centuries, it has been an important commercial and cultural center, but also an area of geopolitical conflict, due to its strategic resources and ethnic diversity.
Asia
Unfortunately, the term “Asia” refers to an entire continent, not a specific cultural site or location. Asia is the largest continent in the world, with a rich history that includes ancient civilizations such as those in Mesopotamia, the Indus Valley, and China, as well as legendary trade routes like the Silk Road. To provide a summary of a specific site, please specify the exact name of the place.
Southeast Asia
Southeast Asia is a culturally and geographically diverse region, comprising countries such as Thailand, Vietnam, Indonesia, and the Philippines. Its history is marked by Indian and Chinese influences, followed by European colonization, which left unique architectural and cultural legacies. Today, the region is known for its ancient temples, such as Angkor Wat, and its spectacular tropical landscapes.
