Jakarta – President Prabowo Subianto will inaugurate the first Gold Bank service in Indonesia on Wednesday (26/2/2025). The inauguration of the Gold Bank will be held at The Gade Tower Central Jakarta at 2:00 PM WIB.
“This afternoon, President Prabowo is scheduled to inaugurate the Gold Bank Service.” “This Gold Bank service is the first of its kind in Indonesia,” said the Deputy for Protocol, Press, and Media of the Presidential Secretariat, Yusuf Permana, to reporters on Wednesday (26/2/2025).
According to him, the inauguration of the Gold Bank is one of Prabowo’s strategic steps in strengthening the national gold industry ecosystem. In addition, Yusuf said, the Gold Bank also supports the downstream program initiated by Prabowo.
“And also supporting the downstreaming mission that has been proclaimed by the President in the Asta Cita of the Red and White Cabinet,” he explained.
Previously, President Prabowo Subianto stated that Indonesia does not yet have a bank to store gold. Therefore, he said, a lot of gold is mined and flows abroad.
This is what led Prabowo to establish the Gold Bank. With that, the domestically mined gold can later be stored in that bank.
“We will establish a Gold Bank.” So far, we don’t have a bank for our gold, there isn’t one in Indonesia. So, our gold is mostly mined and flows abroad. “We want to have a special bank for gold in Indonesia now,” explained Prabowo at a press conference at the Merdeka Palace in Jakarta, Monday (February 17, 2025).
Alternative Investment Gold
Coordinating Minister for Economic Affairs Airlangga Hartarto said that the establishment of a gold bank or bullion bank in Indonesia could be an option for customers to save gold in banks.
Therefore, Airlangga does not require customers to save gold in bullion banks, whose mandate will be given to PT Pegadaian (Persero) and Bank Syariah Indonesia (BSI).
“Bulion banks are not compulsory.” “Like banking in general,” said Airlangga when met during the Indonesia Economic Summit (IES) 2025 event at the Shangri-La Hotel, Jakarta, Tuesday (February 18, 2025).
According to him, many customers have chosen to save gold in offshore banks. That causes Indonesia to lose potential state revenue from the gold market.
“Because all this time there has been something from offshore, now offshore, the gold is produced and placed abroad.” So, it only comes into Indonesia for the tolling,” he said.
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