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 Week (Indonesia) National Sports Week (Indonesia) The National Sports Week (, "PON") is a multi-sport event held every four years in Indonesia. The participants of this event are the athletes from all provinces of Indonesia. The Indonesian Sports Association (ISI) was established in Jakarta in 1938 with the aim of coordinating the existing sports associations including the Football Federation. During the Japanese occupation of Indonesia from 1942 to 1945, sporting activities were coordinated by the Sports Practice Movement. Following the Indonesian Declaration of Independence in 1945, that nation took over the running of its own sport and in January 1946, a conference