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To: Dwight E. Karlsen who wrote (11404)1/8/1998 8:06:00 AM
From: Moonray  Respond to of 22053
 
More: Indonesia economy staggers, panic sets in

JAKARTA, Indonesia - Panic-buying broke out at supermarkets and the
military appealed for calm Thursday as Indonesia's currency lost more
than one-fourth of its value and the stock market suffered a 12% fall.
Wild rumors gripped the marketplace amid fears that an International
Monetary Fund rescue package could become unglued. The rupiah
crashed 26% to a record 10,550 rupiah to the U.S. dollar, while the
Jakarta Stock Exchange composite index closed down 12%.

usatoday.com

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