The rupiah suffered the biggest drop against the US dollar of all emerging Asia currencies the day Mr Thomas Djiwandono, who is currently treasurer of his uncle’s Gerindra party, was appointed.
Newly appointed Indonesia n deputy finance minister Mr Thomas Djiwandono, nephew of Indonesia 's president-elect Mr Prabowo Subianto , waves to the media after his inauguration at the Presidential Palace in Jakarta on July 18, 2024. as deputy ministers of finance and agriculture in a move to assist a smooth government handover in October.
However Maybank Indonesia economist Myrdal Gunarto, quoted in the Jakarta Post, said that the appointment should have a neutral impact on the markets, and the rupiah’s drop was probably due to external factors.Biantiningsih Miderawati, the elder sister of Mr Prabowo.The Djiwandono family took a family portrait after Mr Thomas Djiwandono took the oath as deputy minister of finance at the Presidential Palace in Jakarta on July 18, 2024.
He was part of the team that met with Finance Minister Sri Mulyani Indrawati at the end of May to discuss the presidential transition. President Joko Widodo spoke with his soon-to-be successor, minister of defense Mr Prabowo Subianto, watched by the Djiwandono family at the Presidential Palace in Jakarta on July 18, 2024. said that he has been tasked with synchronising the next administration's plans with the 2025 budget being designed at the finance ministry.
Prabowo Subianto Joko Widodo Jokowi
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