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55FINANCE

Indonesian President replaces finance minister for third time in two years

⚡ Markets: Policy uncertainty is negative for investor sentiment towards Indonesian assets. Could lead to weakness in the Indonesian rupiah (IDR) and the Jakarta Composite Index (JCI) until the new minister's policy direction becomes clear.USDIDRJCI

Indonesian President Prabowo Subianto dismissed his finance minister, Purbaya Yudhi Sadewa, and appointed deputy Suahasil Nazara as his replacement. This marks the third change in the key economic post in less than two years, raising concerns among investors about policy consistency and fiscal stability.

West MSM: noneGoogle Non-West 2Regional 3Financial press 13 countries
6 sources across the spectrum
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