Economy

Indonesia currency crisis: Rupiah slips to 16,945 against dollar after Prabowo names nephew to central bank

January 21, 2026

Indonesia's rupiah has fallen to 16,945 against the dollar following President Prabowo Subianto's controversial decision to nominate his nephew to the central bank. This move has raised concerns over the independence of monetary policy, prompting investor anxiety amidst existing fiscal challenges.

Credit: Firstpost

Key Highlights

Rupiah drops to 16,945 against the dollar.
President Prabowo Subianto nominated his nephew to the central bank.
Investor concerns about monetary independence are heightened.
Widening fiscal risks and ambitious growth plans are causing unease.

World Business

Sources

Indonesia currency crisis: Rupiah slips to 16,945 against dollar after Prabowo names nephew to central bank

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Indonesia currency crisis: Rupiah slips to 16,945 against dollar after Prabowo names nephew to central bank

Key Highlights

Sources

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