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 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