Part of the 1997 Asian financial crisis and the Post-Suharto era in Indonesia
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
This article is part of a series about
Suharto
2nd President of Indonesia
Pre-Presidency
Early life and career
Military service
Japanese occupation
National Revolution
Operation Product
Madiun Affair
Operation Kraai
General Offensive
Makassar Uprising
Post-Independence
Rise to power
30 September Movement
Commander of Kopkamtib
Mass killings
Supersemar
Political manoeuvring
Acting Presidency
"New Order"
Inauguration
Cabinets
First
Second
Third
Fourth
Fifth
Sixth
Seventh
Golkar
Dwifungsi
Aspri
Angkatan 66
Berkeley Mafia
Elections
1971
1977
1982
1987
1992
1997
1999
Domestic policy
Chinese discrimination
Malari incident
Petition of Fifty
Tanjung Priok massacre
Petrus Killings
Foreign policy
Act of Free Choice
East Timor
Invasion
Occupation
Genocide
Santa Cruz massacre
ASEAN
Downfall
Background
27 July 1996 incident
Asian financial crisis
Trisakti shootings
May 1998 riots
Resignation
Post-presidency
Corruption charges
Illness and death
Family
Siti Hartinah (wife and first lady)
Children
Tutut
Sigit
Bambang
Titiek
Tommy
Mamiek
Gallery: Picture, Sound, Video
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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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