11. The currency collapse meant many Indonesian companies were effectively in default. 12. The currency collapses in Thailand, Indonesia and South Korea differ in some ways, but the similarities are significant. 13. The sudden withdrawal of that money can cause local currency collapses that leave even the most productive industries with debts they cannot repay. 14. To be sure, confidence is of immense importance at certain times, and a major reason that country after country suffered currency collapses was that investors took flight. 15. A currency collapse would further undermine investor confidence, already in short supply, and produce ripple effects that would weaken the overall economy. 16. A currency collapse would further undermine investor confidence, which is already at a low level, and produce ripple effects that would weaken the overall economy. 17. Russians keep more savings in dollars than in rubles because of a series of currency collapses over the last decade. 18. Some bankers said they were confident the central bank could avoid a currency collapse. 19. The main economic dangers facing Russia are soaring interest rates and a potential currency collapse. 20. The plunge reflected the currency collapse and increasing economic uncertainty in neighboring Indonesia, analysts said. |
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