Prabowo Names Bank Nominee

JakartaThe rupiah rose slightly on the news.

Markets are pricing whether the nominee will resist financing Prabowo’s spending directly.

Indonesia’s currency, at 17,820 per dollar, has slid 1.2% in a week as investors weigh central-bank independence.

Indonesia’s House of Representatives will vote on confirming Destry Damayanti as governor.

Sources: The Diplomat