the rate was almost exactly 8,000 to 1 U.S. dollar(1997 Asian financial crisis) - Historydraft

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1997 Asian financial crisis - the rate was almost exactly 8,000 to 1 U.S. dollar

Time: Thursday Dec 31, 1998

Place: Indonesia

Details: On 31 December 1998, the rate was almost exactly 8,000 to 1 U.S. dollar. Indonesia lost 13.5% of its GDP that year.

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