Basic data of Indonesia. I Presents the Indonesian macroeconomic indicators. Section II Presents summary and discussion of alternatives measures to overcome the crisis.
References Provides lists of references and related sites.
Thailand baht was the first currency being devaluated after several months being defended from the currency traders' speculative attack. On July 2, when the Thailand government decided to float the baht exchange rate, the rate was immediately increased by around 16 percent. The next currency being devaluated was the Phillipine peso. The peso's exchange rate was increased by around 11 percent on July 11. Three days after the Phillipine peso devaluation, Malaysian ringgit exchange rate was depreciated by 2 percent.