Indonesian President Prabowo Subianto has nominated acting governor Destry Damayanti as the sole candidate for the position of governor of Bank Indonesia. This personnel appointment has been closely watched by global investors, following the unexpected resignation of senior central bank governor Perry Warjiyo in late July.

After a volatile period that saw the Indonesian rupiah hit a record low and the local stock market experience a sharp decline, swiftly appointing a permanent governor is seen as a key step to restoring investor confidence.

Destry Damayanti in Jakarta on August 3.

Given her strong credibility in the international investment community and her good relationship with Prabowo, Destry has long been regarded as the most likely successor.