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 emblem of Indonesia National emblem of Indonesia The national emblem of Indonesia is called Garuda Pancasila. The main part of Indonesian national emblem is the Garuda with a heraldic shield on its chest and a scroll gripped by its legs. The shield's five emblems represent "Pancasila", the five principles of Indonesia's national ideology. The Garuda claws gripping a white ribbon scroll inscribed with the national motto "Bhinneka Tunggal Ika" written in black text, which can be loosely translated as "Unity in Diversity". "Garuda Pancasila" was designed by Sultan Hamid II from Pontianak, supervised by Sukarno, and was adopted as the national emblem on