Destry Damayanti took the oath of office as Senior Deputy Governor of Bank Indonesia before the Chief Justice of the Supreme Court, Hatta Ali, Wednesday (7/8) - Photo: Bank Indonesia

JAKARTA (TheInsiderStories) – Destry Damayanti officially becomes Senior Deputy Governor of Bank Indonesia (BI) after inaugurated today (08/7). She replaced Mirza Adityaswara whose term office until July 24, 2019.

She was the sole candidate for the position that President Joko Widodo submitted to the House of Representative. The inauguration is based on Presidential Decree Number 7 of 2019 on July 29. Damayanti will be the senior deputy governor for five years period, from 2019 until 2024.

By this appointment, the structure of Governor Board of BI is Perry Warjiyo as governor and Destry Damayanti as senior deputy governor. While the governors are Erwin Rijanto, Sugeng, Rosmaya Hadi and Dody Budi Waluyo.

As a senior deputy governor, there are at least five main focuses that will be undertaken by Damayanti. The focuses are ranging from the policy mix to the development of the payment system.

The new member of the BI governor board has involved in the financial industry for years. She was once Chief Economist of PT Bank Mandiri Tbk, Chief Economist of PT Mandiri Sekuritas, Executive Director of Mandiri Institute. to the Chair of the Corruption Eradication Commission’s Chairperson of the Selection Committee.

Damayanti also served as Chair of the Economic Task Force at the Ministry of State-Owned Enterprises in the 2014 – 2015 period. She was appointed as Member of the Deposit Insurance Agency Board of Commissioners on Sept. 24, 2015.

She has two strategic plans would run after being elected. The first strategy is to optimize the policy mix, macroprudential monetary policy, and other policies if needed to maintain financial system stability. At the same time, she also to encourage economic growth by paying attention and adjusting to the dynamics of the business and financial cycles that occur.

The second step creating deepening financial markets. According to her, the deepening of the financial sector is very important not only to support the occurrence of economic stability. But also to support the financing of economic development.

The limited sources of government and domestic funds have caused the use of financial resources from the private sector and abroad to be very important.

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