JAKARTA, Dec. 5 (Xinhuanet) -- Indonesian President Susilo BambangYudhoyono announced Monday the much-awaited reshuffle for the economic team with seasoned technocrat Budiono replacing Aburizal Bakrie as the coordinating minister for the economy.

    The announcement was made at Gedung Negara in Yogyakarta and aired live through TVRI state television station.

    Boediono entered the cabinet as co-ordinating minister for economic affairs, while Aburizal Bakrie was rotated from co-ordinating minister for economic affairs to co-ordinating minister for people's welfare.

    Sri Mulyani was rotated from state minister of national development planning to minister of finance and Fahmi Idris was rotated from minister of manpower and transmigration to minister of industry, while Erman Suparno was named as minister of manpower and transmigration and Paskah Suzetta as state minister of national development planning.

    Those fired from the cabinet by the president were Minister of Finance Yusuf Anwar, Minister of Industry Andung Nitimihardjar and Co-ordinating Minister for People's Welfare Alwi Shihab.

    Susilo said that Alwi was named as his advisor and special envoy for cooperation with Middle East countries as well as the Organization of Islamic Conference and the Islamic Development Bank.

    He added that Minister of Finance Jusuf Anwar is going to be named as ambassador to "an important country."

    The new ministers will be sworn in on Wednesday. Enditem