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 Hero of Indonesia National Hero of Indonesia National Hero of Indonesia () is the highest-level title awarded in Indonesia. It is posthumously given by the Government of Indonesia for actions which are deemed to be heroic, defined as "actual deeds which can be remembered and exemplified for all time by other citizens" or "extraordinary service furthering the interests of the state and people". The Ministry of Social Affairs gives seven criteria which an individual must fulfill, as follows: Nominations undergo a four-step process and must be approved at each level. A proposal is made by the general populace in a city or regency