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 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