Sri Mulyaniโ Indrawati Replaced as Indonesia’s Finance Minister
Jakarta – Sri Mulyani Indrawati has been replaced as Indonesia’s Minister of โคFinance, the latest growth inโ a period of โคrepeated speculation regarding her position. The changeโข occurredโ today, following similar rumors throughout 2024 and 2025.
Sri Mulyani previously served as Finance Minister under Presidentโ Susilo Bambang yudhoyono fromโ 2005 to 2008, being replaced by Agus Martowardojo on May 20, 2010.She stated โขher resignation at that โtime stemmed from political pressure โand a lackโค of support within the system. She was reappointed by President Jokoโข Widodo onโ July 27,2016,and most recently served under president Prabowo Subianto,inaugurated on โOctober โ21,2024.
Throughout her recent tenures, Sri Mulyani faced recurring rumors of resignation, often impacting the Indonesian capital โคmarket.
January 2024: Senior Economist Faisal Basri publicly suggested Sri Mulyani was “the most readyโ to withdraw” from President Widodo’s Cabinet, sparking market unease. โThe Jakarta Composite Index (JCI) fell 0.58% onโ January 17, 2024, and 0.35% on January 19, 2024, amid the speculation.
March โค2025: The JCI plummeted 6.58% on March 18, โฃ2025, triggering a trading halt on the Indonesia Stock Exchange, directly linked to โreportsโค of Sri Mulyani’s potential departure. Sri Mulyani,โค along with Deputy Speaker of the House Sufmi Dasco Ahmad and a presidentialโ spokesman, later denied the reports.
* August-september 2025: Demonstrations, including an incident involving the looting โคof Sri Mulyani’s home, fueled furtherโค speculation. Coordinating Minister Airlangga Hartartoโฃ refuted the rumors,and sri mulyani attended cabinet meetings to demonstrate her โฃcontinued service.CNBC INDONESIA RESEARCH
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