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Indonesia Central Bank Choice Elicits Mixed View: Southeast Asia

President Susilo Bambang Yudhoyono’s surprise choice of Agus Martowardojo to run Indonesia’s central bank met with mixed reactions, with some questioning his record as finance minister and others praising his banking experience.

Yudhoyono nominated Martowardojo as his only candidate to succeed Bank Indonesia Governor Darmin Nasution, whose term ends May 23. Martowardojo, 57, former president director of PT Bank Mandiri, was rejected for the top central bank post by the parliament’s finance committee when Yudhoyono picked him in 2008.