Mirza Adityaswara, a central bank outsider, was chosen by Indonesian lawmakers to become the new Deputy Director of the Bank Indonesia. The appointment came as Indonesia was in midst of dealing with a sliding rupiah and accelerating inflation. The Parliament's Commission XI voted 47-32 in favor of the Adityawara who bested Anton Gunawan for the number two job in the nation's central bank. Commission XI monitors Indonesia's financial affairs.
Adityaswara headed the agency that guaranteed bank deposits in the country before his appointment. He also worked at PT Bank Mandiri as the Chief Economist and Head of Capital Markets. Prior to that, he also worked at Credit Suisse Securities Indonesia as Head of the Equity Research unit.
Jakarta's Asian Development Bank Deputy Country Director Edimon Ginting previously told Bloomberg that bringing in outsiders to the central bank would help. "The composition of the board of governors would be even better if they had more people from the market. BI's challenge is to get us out from this turbulence," he said.
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