Indonesia’s President Prabowo Subianto has fired and replaced his finance minister, Purbaya Yudhi Sadewa, just over a year after his appointment.
Suahasil Nazara, 55, who has served as deputy finance minister since 2019, was yesterday sworn in as Purbaya’s replacement.
The government did not say why Purbaya was removed, but his year in the post has been marked by ructions in the Indonesian economy, including a sharp depreciation of the rupiah and growing investor skepticism.
After being sworn-in yesterday afternoon, Suahasil told the press that he had only learned about his appointment in the morning.
“This is, of course, an expression of the trust placed in me by the president and the country. I am grateful for that trust, and I hope I can carry out the responsibility entrusted to me by the president,” Suahasil said, as per the Jakarta Globe.
He added that Prabowo had…
