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Thailand triggered the crisis on 2 July and on 3 July, the Bangko Sentral intervened to defend the peso, raising the overnight rate from 15% to 32% at the onset of the Asian crisis in mid-July 1997. The peso dropped from 26 pesos per dollar at the start of the crisis to 46.50 pesos in early 1998 to 53 pesos as in July 2001.
The South Korean International Monetary Fund Agreement was implemented when South Korea, which was in a foreign exchange crisis, signed a memorandum of understanding with the International Monetary Fund on December 3, 1997. [1] The country's chaebols, or large conglomerates, had engaged in poor business management and overborrowing ...
- 02.11.1997
- South Korea
- 1997-2001 (3 Year)
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February 27, 2009: The DJIA closed its lowest value since 1997 as the U.S. government increased its stake in Citigroup to 36%, raising further fears of nationalization and a report showed that GDP shrank at the sharpest pace in 26 years.
The Fukushima nuclear accident was a major nuclear accident at the Fukushima Daiichi nuclear power plant in Ōkuma, Fukushima, Japan which began on March 11, 2011.
On 26 December 2004, at 07:58:53 local time (), a major earthquake with a magnitude of 9.1–9.3 M w struck with an epicentre off the west coast of northern Sumatra, Indonesia.The undersea megathrust earthquake, known by the scientific community as the Sumatra–Andaman earthquake, was caused by a rupture along the fault between the Burma Plate and the Indian Plate, and reached a Mercalli ...
The 2004 Indian Ocean tsunami at Ao Nang, Krabi Province, Thailand 3D tsunami animation A tsunami (/(t) s uː ˈ n ɑː m i, (t) s ʊ ˈ-/ (t)soo-NAH-mee, (t)suu-; from Japanese: 津波, lit. 'harbour wave', pronounced) is a series of waves in a water body caused by the displacement of a large volume of water, generally in an ocean or a large lake.
This is a list of deaths of notable people, organised by year. New deaths articles are added to their respective month (e.g., Deaths in March 2024) and then linked here. 2024. January. February. March. 2023. January. February. March. April. May. June. July. August. September. October. November. December. 2022. January. February. March. April. May.