Jakarta (Agencies) – President Joko "Jokowi" Widodo has officially nominated Bank Indonesia governor Perry Warjiyo for a second five-year term in the post, a senior lawmaker at the House of Representatives familiar with the matter said on Wednesday, confirming that no other candidates would be nominated.
Chairman of House budget committee Said Abdullah said President Jokowi has sent Perry's name to the House as his sole candidate for the post.
Perry's term as Bank Indonesia governor is set to end in May and lawmakers are expected to deliberate on the appointment when they return from recess on March 13.
The move all but guarantees that Perry, 63, will helm Bank Indonesia until 2028. He took on his first five-year term in May 2018 after decades of climbing up the central bank's ranks. He can serve a second five-year term under the law.
The rupiah pared its losses to 0.1 percent following the announcement, after falling as much as 0.3 percent earlier on Wednesday, Bloomberg reported.
His reappointment is rare in Bank Indonesia's history as most governors serve only a single term. It's also testament to Perry's credentials as a central banker, having steered the economy through financial crises and the tumultuous pandemic years with a focus on "preemptive and forward-looking" policy, Bloomberg wrote on Wednesday.