Stake attention in this memory
The image is a close-up of a red wall with two black-bordered rectangles containing text. Both texts are written in both English and Indonesian and discuss the Indonesian banking crisis of the 1990s. The left side of the image contains the text “SBI dimakkan untuk mencegah spekulasi oleh kalangan perbankan. Akibatnya, suku bunga pasar uang antarbank melonjak dan menyebabkan kesulitan pengembalian pinjaman antarbank." The text is a description of the bank's efforts to prevent speculation by increasing interest rates, which inadvertently exacerbated the crisis. The right side of the image contains the text “Nasabah-nasabah, terutama produsen dengan bahan impor (yang dibayar dengan LC) tidak bisa melunasi kredit pada bank lokal – bank makin sulit likuiditas." The text describes how manufacturers relying on imported materials, paid for with letters of credit, were unable to repay their loans, deepening the liquidity problems of the local banks. The image is situated in West Jakarta, Indonesia at the coordinates provided. The wall is textured with thin vertical red lines and the rectangles are outlined in black.
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