Suharto's Indonesia

Indonesian depositors outside a bank in Jakarta.
Charles Dharapak / AP

1998
Indonesian depositors outside a bank in Jakarta. The Asian currency collapse sent tremors through Indonesia's economy and caused its currency, the Rupiah, to plunge. The crisis prompted a multi-billion dollar IMF bailout and the closure of several Indonesian banks, as well as allegations that Suharto's ruling Golkar party had diverted recovery funds into its own coffers.

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