Indonesia accumulates 153 tonnes of gold thanks to national bullion bank
Jakarta, July 16 -- Indonesia's national gold bank, or bullion ecosystem, has accumulated approximately 153 tonnes of gold in the 17 months since its launch, the Coordinating Ministry for Economic Affairs revealed. The ministry's Deputy for Coordination of Management and Development of State-Owned Enterprises Ferry Irawan said the gold is currently held through state-backed financial institutions, including state-owned pawnbroker PT Pegadaian and Islamic lender Bank Syariah Indonesia. "This is something we will continue to develop," Ferry said as quoted by Indonesia's national news agency Antara. Launched on February 20, 2025, the national gold bank was designed to monetise Indonesia's vast domestic gold holdings, integrating physical gold ...
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