26.02.2025 17:02
Indonesian President Prabowo Subianto has launched the country's first gold banking service. This initiative aims to strengthen the national gold industry ecosystem and support future industrial activities in the gold sector.
A significant step has been taken in Indonesia for gold, a precious metal that has been making headlines by breaking records in global markets. For the first time in the country, a gold bank has started operations. The establishment of the gold bank service aims to strengthen the gold trading ecosystem, increase future industrial activities, and expand access to financing for the national gold industry.
ECONOMIC EXPECTATIONS AND CONTRIBUTIONS
The gold bank service is expected to provide significant contributions to the economy. According to projections, an increase of 245 trillion rupiah (approximately 14.5 billion USD) in gross domestic product (GDP), a growth of 47.4 trillion rupiah (approximately 2.8 billion USD) in investments, and an increase of 156 trillion rupiah (approximately 9.2 billion USD) in money circulation are anticipated.
INDONESIA'S GOLD RESERVES
Indonesia currently ranks as the sixth country in the world with the largest gold reserves, holding 2,600 tons of gold.