Indonesia: Official result confirms Jokowi the winner, USD/IDR refreshes 4-month highs

The official results announced by the Indonesia’s General Elections Commission in Jakarta early on Tuesday, showed that Indonesian incumbent President Joko Widodo won last month’s bitterly contested election by a double-digit margin.

Key Details (via Bloomberg):

Widodo, known as Jokowi, won 55.5% of the national vote, compared to his challenger Prabowo Subianto’s 44.5%

Jokowi’s margin of victory at 11 percentage points was almost double the lead he secured in 2014 against the same opponent

The tally also confirmed unofficial quick count results from about a dozen independent pollsters.

Prabowo, as Subianto is commonly known, has alleged irregularities in the conduct of the election and vowed to reject the official results. 

Since the official election outcome was already priced-in by the markets, the Indonesian Rupiah keeps the offered tone intact, with USD/IDR now printing fresh four-month tops at 14,475.