The wave of currency depreciation that battered Indonesia’s foreign exchange market throughout April and May 2026 has pushed the rupiah to record lows, dangerously close to a new psychological threshold of 18,000 against the US dollar. When the currency broke past 17,000 in early April, it stoked painful public memories of the 1997–1998 Asian financial […]
Tag: 1997-98 Asian financial crisis
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