Fall of Suharto

Fall of Suharto
Fall of Suharto
Part of the Post-Suharto era in Indonesia and 1997 Asian financial crisis
	Clockwise, from top: Indonesian president Suharto presenting his resignation from office; Rioters burning office furniture on the streets of Jakarta; Students protesting against the government; Trisakti University students and police forces clashing;
Date	4–21 May 1998
Location	Indonesia
Resulted in	Fall of the New Order Resignation of Suharto as president; The inauguration of B.J. Habibie as Suharto's successor; Creation of the Development Reform Cabinet; Independence referendum for East Timor on 30 August 1999;
Lead figures
	Suharto; Feisal Tanjung; Wiranto; Prabowo Subianto; Various other politicians and generals Amien Rais; Megawati Sukarnoputri; 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.

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