Each of those pressures got heavier Monday with the abrupt departure of Bank Indonesia (BI) Governor Perry Warjiyo. He did it with BI governor Warjiyo, his handpicked pick since 2018. Prabowo doubled down by naming his nephew, Thomas Djiwandono, deputy BI governor. “We maintain our call for another Bank Indonesia rate hike in the third quarter. The resulting dollar surge broke Asia’s currency pegs — Thailand devalued first, in July 1997, then Indonesia, then South Korea.