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Indonesia's Central Bank Chief Resigns Amid Economic Struggles and Currency Crisis
Photo: Channels Television
2026-07-27 12:11   Economy   10

Indonesia's Central Bank Chief Resigns Amid Economic Struggles and Currency Crisis

Perry Warjiyo, the governor of Indonesia's central bank, has resigned after serving since 2018.President Prabowo Subianto accepted his resignation, citing personal reasons.The move comes as Indonesia faces a weakening currency and economic challenges linked to the Middle East war.The rupiah has lost about 7% of its value since the conflict began, prompting Bank Indonesia to raise interest rates to 5.75%.The government has kept fuel prices subsidized despite rising costs, leading to protests over public spending.Consumer prices rose 3.34% in June, and the stock market has dropped a third in 2026.The interim governor, Destry Damayanti, will take over until a new leader is appointed.The resignation highlights the pressures on Indonesia's economy amid global instability.

Full reading at Channels Television

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