Economics
Indonesia Panel Approves Martowardojo as Central Bank Chief
This article is for subscribers only.
Indonesian lawmakers yesterday approved Finance Minister Agus Martowardojo to become the next central bank governor after he said his priorities would be a stable exchange rate and keeping inflation low.
Commission XI, a parliamentary panel for financial affairs, voted in favor by 46 to 7, with one abstention, after questioning Martowardojo for about eight hours March 25 on bank ownership, market reciprocity, inflation management and monetary policy. President Susilo Bambang Yudhoyono had nominated Martowardojo, 57, to succeed Governor Darmin Nasution, whose term ends May 23.