President Prabowo Subianto has nominated acting Bank Indonesia Governor Destry Damayanti as the sole candidate to succeed Perry Warjiyo, who resigned on July 27, 2026, and sent the presidential letter to parliament on Aug. 10 alongside other Bank Indonesia, OJK and ambassadorial appointments. The nomination initially lifted the rupiah, but the currency later traded near IDR 17,870 per U.S. dollar as weak July retail sales and consumer sentiment, a firmer dollar index and upcoming U.S. inflation data weighed on emerging-market currencies. Investors are focused on next week's Bank Indonesia policy meeting, where policymakers will weigh exchange-rate pressure after raising rates by 100 basis points in May and June, even as July inflation eased to 2.88% and stayed within target. Markets expect policy continuity and a smooth parliamentary fit and proper test for Damayanti, though attention remains on central-bank credibility and independence during the leadership transition.