
Resignation
The Asian Financial Crisis had dire consequences for the Indonesian economy and society, and Suharto's regime. The Indonesian currency collapsed in value, foreign investment dried up, and mass layoffs of urban workers and price rises created tension across the country. Suharto was re-elected for another five-year term in March 1998, stacking parliament and cabinet with his own family and business associates in the process. Increasingly, prominent political figures spoke out against Suharto's presidency, and university...