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EMPLOYEES OF AN INDONESIAN PRIVATE BANK STAGE A PROTEST IN JAKARTA, 1999-03-16 (photo)

IMAGE number
REU8263403
Image title
EMPLOYEES OF AN INDONESIAN PRIVATE BANK STAGE A PROTEST IN JAKARTA, 1999-03-16 (photo)
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Medium
photograph
Date
1999 AD (C20th AD)
Shooting Date
1999-03-16
Image description

Employees of Bank Asia Pacific (ASPAC), one of the 38 Indonesian banks closed by the government on Saturday, carry a huge cheque demanding fair compensation outside the bank commissioner house in Jakarta on March 16. The banks are being closed as part of a programme to recapitalise the country's stricken banking sector which fell into a state of near collpase during Indonesia's economic recession. Economists say a revitalised banking sector is crucial if Indonesia is to have any hope of economic recovery. Note written on the cheque reads "Pay to All Employees of Bank, the amount 24,000,000,000 Rupiah. JRE

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REUTERS / Bridgeman Images
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