President Susilo Bambang Yudhoyono nominated Bank Indonesia Acting Governor Darmin Nasution to take the job permanently, ending a one-year impasse over the central banks leadership.
Yudhoyono signed the nomination letter and it has been sent to the parliament with number
R-40/Pres/05/2010, May, 31, 2010
R-40/Pres/05/2010, May, 31, 2010
The central bank governor post has been vacant since Vice President Boediono resigned in May 2009 to become Yudhoyono's running mate in last year's presidential election.
Indonesia's central bank has left its benchmark interest rate at a record low of 6.5 percent since August 2009, even as regional neighbors from India to China have raised borrowing
costs this year to avert asset bubbles and contain inflation.
costs this year to avert asset bubbles and contain inflation.
Darmin Nasution, 61 years, received his doctorate in economics from University of Paris, Sorbonne, France in 1986. He was chairman of Indonesia's Capital Market and Financial Institution Supervisory Agency, or Bapepam-LK, in 2006. He was director general of taxation at the Ministry of Finance before moving to the central bank.
Bank Indonesia is led by a board of governors consisting of one governor, one senior deputy governor and six deputy governors.
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