The On-Again, Off-Again Replacement of the Finance Minister

Surprise after surprise occurred over the past two weeks. The Jakarta Composite Index on the Indonesia Stock Exchange plummeted severely, and the rupiah exchange rate fared even worse. Fuel prices rose, and the market was thrown into turmoil due to a number of political rumours. Towards the end of the week, students staged demonstrations. Bank Indonesia raised the BI-Rate outside its regular cycle, signalling an unusual condition. A rumour circulated mentioning the replacement of the Governor of Bank Indonesia and the Finance Minister. Chatib Basri, Budi Gunadi Sadikin, and Rosan Roeslani were mentioned as potential candidates to replace Purbaya Yudhi Sadewa.