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 symbol. After the Indonesian National Revolution ended and followed by the Dutch acknowledgement of the Indonesian independence in 1949, there is a need to create a national emblem of United States of Indonesia. On 10 January 1950 the Committee of State Seal was formed, under co-ordination of Sultan Hamid II of Pontianak as the State Minister of No Portfolio, with Muhammad Yamin as the chairman, and Ki Hajar Dewantara, M. A. Pellaupessy, Mohammad Natsir, and Raden Mas Ngabehi Poerbatjaraka as committee members. The committee task is to select the proposals of United States of Indonesia national emblem to be