Indonesia's Finance Minister Replaced in Surprise Cabinet Reshuffle

President Prabowo Subianto replaced finance minister Purbaya Yudhi Sadewa on Monday in an abrupt cabinet reshuffle that has unsettled regional financial markets. Suahasil Nazara, who was serving as deputy finance minister, has been promoted to assume the top position.

Sadewa indicated the removal was unexpected in its timing, though he suggested he had anticipated the possibility of eventually being replaced. The ousted minister did not elaborate on specific reasons for his departure or circumstances surrounding the president's decision.

The leadership change comes as Indonesia's new administration navigates economic challenges and market expectations following President Prabowo's election. The sudden ministerial transition has prompted concern among investors and analysts tracking the country's fiscal direction.

Nazara's appointment marks the second major change to the finance ministry under Prabowo's presidency. The new finance minister will inherit responsibility for managing Indonesia's budget, currency stability, and broader economic policy as the nation contends with regional market volatility.