Habibie’s Economic Miracle: Rupiah Soars From 16,000 to 6,550
Habibie’s Economic Rescue: Taming the Rupiah During the 1998 crisis Jakarta–In a moment of economic turmoil, Indonesia faced a daunting challenge: a rapidly depreciating rupiah. As of June 1, 2025, the rupiah stood at Rp16,294 against the U.S. dollar. This situation echoed the crisis of 1998, when the rupiah plummeted to Rp16,800 against the dollar, … Read more