Indonesia Finance Minister Sri Mulyani Indrawati on Freeport copper mine deal

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In the mid-1990’s, Indonesia’s current account deficit was putting pressure on the country’s ability to maintain the value of its currency against the dollar.

As with fellow South East Asian countries, the Indonesian rupiah was marked sharply lower, thereby drastically raising the burden of debt the country was facing.

When the dust settled on the Asian crisis, Indonesian assets had shed a huge amount of…



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