Economy of Indonesia the Republic of Indonesia), a currency issued by the Republican Government which was the predecessor of Rupiah. Despite so, currency issued during the Japanese occupation and by Dutch authorities were still in circulation, and simplicity of the ORI made its counterfeiting straightforward, worsening matters. Once the nation's independence has been recognised by the Netherlands on December 1949, the next 10 years saw the devaluation of Dutch banknotes into half their value ("Gunting Sjafruddin"), dissolution of the United States of Indonesia in 1950, and during the liberal democracy period the nationalization of "De Javasche Bank" into modern Bank Indonesia and the
National Sports Committee of Indonesia entity from KONI. KOI is responsible as Indonesian National Olympic Committee, to organise Indonesian participation in international sporting events, such as Olympic Games, Asian Games, Southeast Asian Games, etc. The KONI-KOI separation was based according to "Undang-Undang Nomor 3 Tahun 2005" about National Sport System, and further enforced with "Peraturan Pemerintah Nomor 17 Tahun 2007" about the organizing of sporting events. National Sports Committee of Indonesia The National Sports Committee of Indonesia (, abbreviated KONI), is the National Sports Committee of Indonesia. It was founded in 1946 to unite the various satellite sports associations that was created within the regencies.