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Abdurrahman Wahid |
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It doesn’t take much to knock Indonesia off track. As it struggles with an exceptionally difficult political transition from dictatorship to democracy and fights to recover from a devastating economic downturn at the same time, the slightest outbreak of trouble can easily become a crisis.
In March, the rupiah again crashed through the psychologically-important 10,000 to the dollar mark, sparking panic selling in the stock market and jitters at the rating agencies.
This time the cause was twofold: serious violence on the island of Borneo, where indigenous locals drove out immigrant Indonesians, killing 400; this was followed by US oil major Exxon Mobil ceasing production of liquefied natural gas in the troubled province of Aceh for security reasons.
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