On June 17th the Indonesian rupiah hit a new low of 16,800 to the dollar - a fall of 10% in one day, a collapse of 30% in one week. Economists are now predicting that inflation will hit 100% and the economy will contract by 20%. The rupiah has now devalued by a staggering 66% this year and more than 80% since the economic crisis began to unfold in mid-1997.

Confused reports of Officers' plots, coups and countercoups which filtered through to the Western press a week ago were the first indication of a major revolutionary upheaval in Indonesia. The recent events unfolded against a now familiar background of social and economic crisis in a backward country. The regime of Sukarno - despite the superficial appearance of stability - has been exposed as rotten to the core

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