Fall of Suharto

Fall of Suharto
Part of the 1997 Asian financial crisis and the Post-Suharto era in Indonesia
Clockwise, from top:
Date4–21 May 1998
Location
Resulted inFall of the New Order
Lead figures

Indonesia Suharto
Indonesia Feisal Tanjung
Indonesia Wiranto
Indonesia Prabowo Subianto
Various other politicians and generals

Indonesia Amien Rais
Indonesia Megawati Sukarnoputri
Indonesia Harmoko
Various other student leaders and opposition politicians

Suharto resigned as President of Indonesia on 21 May 1998 following the collapse of support for his 32-year long presidency. Vice President B. J. Habibie took over the presidency.

Suharto's grip on power weakened following severe economic and political crises stemming from the 1997 Asian financial crisis. The economy suffered a flight of foreign capital, leading to a drastic drop in the value of the Indonesian rupiah, which severely impacted the economy and people's livelihoods.

Suharto was re-elected to his seventh term by the People's Consultative Assembly in March 1998. Increasing political unrest and violence undermined his previously firm political and military support, leading to his May 1998 resignation. Initially under newly installed President Habibie, a period of political reform (Reformasi) followed.