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The first Republican government-controlled bank, the Indonesian State Bank (Bank Negara Indonesia, BNI) was founded on 5 July 1946. It initially acted as the manufacturer and distributor of ORI (Oeang Republik Indonesia/Money of the Republic of Indonesia), a currency issued by the Republican Government which was the predecessor of Rupiah. [45]
The national emblem of Indonesia contains a shield that represents Pancasila. Pancasila economics (Indonesian: Ekonomi Pancasila), also known as "Indonesian populist economics" (Indonesian: Ekonomi kerakyatan Indonesia), is an economic system which aims to reflect the five principles of Pancasila. [1]
Indonesia believes China's claim over parts of the Natuna islands has no legal basis. In November 2015, Indonesia's security chief Luhut Panjaitan said Indonesia could take China before an international court if Beijing's claim to the majority of the South China Sea and part of Indonesian territory is not resolved through dialogue. [5]
Indonesia, [c] officially the Republic of Indonesia, [d] is a country in Southeast Asia and Oceania, between the Indian and Pacific oceans. Comprising over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea, Indonesia is the world's largest archipelagic state and the 14th-largest country by area, at 1,904,569 square kilometres (735,358 square miles).
The National Economics Council (Indonesian: Dewan Ekonomi Nasional) is an Indonesian government economic advisory council that advises the President on strategic economic policy formulation and recommendation. [1] The council is led by a chairman, Luhut Binsar Pandjaitan, since 21 October 2024 (). [1]
Economic systems is the category in the Journal of Economic Literature classification codes that includes the study of such systems. One field that cuts across them is comparative economic systems, which includes the study of the following aspects of different systems:
The Audit Board of Indonesia (Indonesian: Badan Pemeriksa Keuangan) is the high state body responsible for checking the management and accountability of state finances conducted by the central government, local government, other state institutions such as Bank Indonesia, state-and municipally-owned enterprises, Public Service Boards, and ...
The Denpasar Conference of 18–24 December was held to work out the details of a state which to be called the State of the Great East (Indonesian: Negara Timoer Besar). [7] [8] That state was established on 24 December and, on 27 December, renamed the State of East Indonesia (Negara Indonesia Timoer or 'NIT').