Showing posts with label Financial crisis. Show all posts
Showing posts with label Financial crisis. Show all posts

15 Jul 2011

Financial crisis

Financial crisis

In response to the financial crisis generated by a sharp 30% depreciation in the value of the currency, the rupiah, it was announced in September 1997 that major construction projects, including roads, power stations, and oil refineries, would be postponed until the economy improved. In the province of Irian Jaya it was reported in October 1997 that more than 460 people had died from famine caused by prolonged drought.

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