Indonesia's Foreign Capital Inflows US$6.3B in 1Q 2019
Governor of Bank Indonesia Perry Warjiyo. Photo by TheInsiderStories.

JAKARTA (TheInsiderStories) – The Indonesian House of Representative has approved Perry Warjiyo on Wednesday (28/3) as new Bank Indonesia Governor, replacing Agus D.W Martowardojo who will end his term in May.

Warjiyo, currently a deputy governor, was President Joko Widodo’s sole nominee to become Bank Indonesia (BI) governor, succeeding Agus Martowardojo.

Warjiyo was born in Sukaharjo Central Java 59 years ago and raised by a farmer parent. He finished his bachelor in Universitas Gadjah Mada and took economics master and doctoral at Iowa State University.

Warjiyo has worked for the central bank since 1984, and thus experienced handling several financial crises, including the 1998 catastrophe that forced Indonesia to sign a ‘letter of intent’ with the International Monetary Fund (IMF).

He has held several key positions at Bank Indonesia in areas of economic research and monetary policy, international issues, organizational transformation and monetary policy strategy, education and central bank research, foreign exchange and foreign debt management, as well as becoming the Head of Governor’s Bureau.

On Wednesday, the House also endorsed Dody Budi Waluyo to become a deputy governor, filling the position of Warjiyo. Waluyo was selected out of three nominees for the post.