Currency swap bank liquidity swaps. South Korea and Indonesia signed a won-rupiah currency swap deal worth US$10 billion in October, 2013. The two nations can exchange up to 10.7 trillion won or 115 trillion rupiah for three years. The three-year currency swap could be renewed if both sides agree at the time of expiration. It is anticipated to promote bilateral trade and strengthen financial cooperation for the economic development of the two countries. The arrangement also ensures the settlement of trade in local currency between the two countries even in times of financial stress to support regional financial stability. As of 2013,
National Sports Committee of Indonesia 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. KONI is responsible on sport development as well as organising sporting events within Indonesian national boundary on national level. Its biggest event is the Pekan Olahraga Nasional (PON), multi-sport event held every four years where Indonesian athletes compete. It is the largest sporting event in Indonesia. In 2005, KOI ("Komite Olimpiade Indonesia" or Indonesian Olympic Committee) was formed as a separate