The Seen and the Unseen - hosted by Amit Varma cover image

Ep 321: Josh Felman Tries to Make Sense of the World

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

What Happened to the Indonesian Rupee?

The model in Indonesia was to promote national champions. But when Thailand got into trouble, pressure came on the Indonesian rupee. The central bank ran out of reserves and wasn't able to hold the local currency against the dollar. Then people absolutely began to panic because these companies were extremely highly leveraged.

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