Prabowo Replaces Finance Chief, Risking Turmoil for Indonesia

Indonesian President Prabowo Subianto has removed Finance Minister Sri Mulyani Indrawati from her post, a move that could potentially lead to financial instability in Southeast Asia's largest economy. Indrawati, a respected technocrat, was known for her efforts to maintain fiscal discipline and economic stability. Her dismissal comes amid ongoing protests against Prabowo's administration, which have turned violent in recent days. The decision to replace the finance minister raises concerns about the government's ability to navigate the country's economic challenges effectively. Indrawati's departure could disrupt the continuity of economic policies and undermine investor confidence in Indonesia's financial markets. The move is seen as a risk to the overall economic well-being of the country, which has been grappling with the impact of the COVID-19 pandemic and global economic uncertainties. The article highlights the potential for renewed financial turmoil in Indonesia as a result of the leadership change in the finance ministry, underscoring the importance of maintaining a stable and experienced economic team during challenging times.