1997 Asian financial crisis
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The 1997 Asian financial crisis gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effec
Rioters in Jakarta, during the May 1998 riots of Indonesia
Fall of Suharto: President Suharto resigns, 21 May 1998.
May 1998 Indonesia riots
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The May 1998 Indonesia riots, also known colloquially as the 1998 tragedy or simply the 98 event, were incidents of riots and civil unrest in Indonesia, many of which targeted the country's ethnic Chi
1997 Asian financial crisis
…year. In February 1998, President Suharto sacked the incumbent Bank Indonesia governor, J. Soedradjad Djiwandono, but this proved insufficient. Amidst widespread rioting in May 1998, Suharto resigned under public pressure and Vice President B. J. Habibie replaced him. The banking sector was burdened with non-performing loans as its…
Trisakti University students and police forces clash in May 1998
Destroyed DPR/MPR courtroom, after being occupied by students
B. J. Habibie takes the presidential oath of office following Suharto's resignation, one week after the violence. He later appointed a fact-finding team to investigate the May riots.