Perry Warjiyo, governor of Bank Indonesia since May 2018, submitted his resignation on July 25, 2026, citing personal reasons, despite being expected to serve until 2028. His departure follows a series of moves by President Prabowo Subianto’s administration that have undermined central bank independence: the appointment of his nephew Thomas Djiwandono as deputy governor in January and the passage in June of a bill strengthening parliamentary oversight of Bank Indonesia. Destry Damayanti has been appointed interim governor as the rupiah shows signs of weakness. Investors fear capital flight and the use of the new law to pressure or remove board members.
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