Indonesian stocks and the rupiah fell on Tuesday as fears mounted over the country’s fiscal discipline under President Prabowo Subianto after he removed longtime finance minister Sri Mulyani Indrawati.
Sri Mulyani, who had served as Indonesia’s finance minister for 14 of the past 20 years under three different presidents, was abruptly removed from her role on Monday.
She was replaced with Purbaya Yudhi Sadewa, an economist and chair of the Indonesia Deposit Insurance Corporation.
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