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Events on Thursday 21 May 1998 1
1998Suharto resigns as President of IndonesiaEnds 31-year rule amid economic crisis and mass protestsPresident Suharto resigned on 21 May 1998 after weeks of student protests and riots triggered by the Asian financial crisis and decades of authoritarian rule. His deputy, B. J. Habibie, succeeded him, opening a period of democratic reform known as Reformasi.