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
Indonesia national football team Indonesia national football team The Indonesia national football team () is an association football team that represents Indonesia. The team is controlled by the Football Association of Indonesia (PSSI) and is a member of the Asian Football Confederation. Prior to the declaration of independence in 1945, the team competed as the Dutch East Indies national football team. Under this name, Indonesia was the first Asian team to participate in the FIFA World Cup, at which time the team qualified for the 1938 FIFA World Cup tournament in France. The Indonesian team was eliminated by the Hungary national team in the