The removal of the Indonesian Finance Minister shakes the market, forcing the Central Bank to intervene as the Indonesian rupiah experiences a big dump.

Jin10 data reported on September 9 that the sudden removal of Indonesian Finance Minister Sri Mulyani Indrawati shocked the market. Global investors view Mulyani as a key figure in betting on Southeast Asia's largest economy. She has served as finance minister three times and is one of Indonesia's longest-serving finance ministers; previous departures have triggered significant fluctuations in the market. The news of the finance minister's departure caused the Indonesian rupiah to fall over 1% in early trading on Tuesday, forcing the Central Bank of Indonesia to intervene. Tellimer's emerging markets equity and geopolitical strategist Hasnain Malik stated, “Mulyani is the guardian of prudent fiscal policy. Her departure will raise market concerns that the fiscal deficit may widen under an unrestrained president Prabowo, who is under pressure due to protests.” Mulyani has been praised for tax reforms and is widely regarded as a central figure in improving Indonesia's fiscal performance and winning investor recognition. Indonesian international bonds fell, and the market is watching whether Mulyani's departure will force global investors to withdraw.