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 symbols of Indonesia official language, coat of arms, and national anthem of Indonesia. The Indonesian law No. 24 year 2009 mentioned about the Indonesian flag, Indonesian language, national emblem of Indonesia, and national anthem of Indonesia.<ref name="UU No 24/2009"></ref> Garuda Pancasila is the national emblem of Indonesia. It is an eagle bird and the name of symbol derived from Garuda, the mythical bird vehicle of Vishnu. The current symbol are designed and officially recognised in 1950s. The head of Garuda faces its right side, it means that Indonesia embraces democracy. If it faces its left side, it means Indonesia is leaning on socialism.