Economy of Indonesia and the clove monopoly, both involving family members of Suharto. The rupiah remained weak, however, and Suharto was forced to resign in May 1998 after massive riots erupted. In August 1998, Indonesia and the IMF agreed on an Extended Fund Facility (EFF) under President B. J. Habibie that included significant structural reform targets. President Abdurrahman Wahid took office in October 1999, and Indonesia and the IMF signed another EFF in January 2000. The new program also has a range of economic, structural reform, and governance targets. The effects of the crisis were severe. By November 1997, rapid currency depreciation had
National Monument (Indonesia) National Monument (Indonesia) The National Monument (, abbreviated Monas) is a 132 m (433 ft) tower in the centre of Merdeka Square, Central Jakarta, symbolizing the fight for Indonesia. It is the national monument of the Republic of Indonesia, built to commemorate the struggle for Indonesian independence. Construction began in 1961 under the direction of President Sukarno. Monas was opened to the public in 1975. It is topped by a flame covered with gold foil. The monument and the museum are open daily from 08.00 until 16.00 Western Indonesia Time (UTC+7) throughout the week except for the Mondays when the