The minister spoke on a day when the Korean currency plunged to a record low close of 1,460 against the dollar.
This morning, the bloodshed of the last few days sent the Indonesian currency, the rupiah, plunging 14 percent, to more than 10,000 to the dollar.
In mid-1997, the Asian currencies plunged deeper than the 1971 fall.
Its currency, the ringgit, has plunged 20 percent against the dollar.
The Nicaraguan currency on the official market has plunged from 13 cordobas to the dollar a month ago to 325 to 1 today.
That was the question yesterday as Europe's single currency plunged below $1.05 for the first time.
The Federal Reserve started buying dollars this morning as the currency suddenly plunged against both the mark and yen.
When the crisis hit, the currencies plunged.
When the interest rate increase was announced, panic set in and the currency plunged.
Indonesia's currency, the rupiah, plunged, touching another record low of 10,550 to the dollar, half its value at the beginning of 1998.