President Prabowo Subianto Set to Inaugurate Indonesia’s First Gold Bank Today

President Prabowo Subianto is scheduled to officially inaugurate Indonesia’s first Gold Bank on Wednesday, February 26, 2025, at 2:00 PM WIB at The Gade Tower, Central Jakarta.

"This afternoon, President Prabowo is set to launch the Gold Bank service, marking the first of its kind in Indonesia," said Yusuf Permana, Deputy for Protocol, Press, and Media at the Presidential Secretariat, in a written statement on Wednesday (February 26, 2025).

Yusuf highlighted that this initiative is part of the government’s strategic efforts to strengthen the national gold industry ecosystem while supporting downstream development in the mining sector.

Government Has Been Studying Gold Bank Since 2021

The Gold Bullion Bank concept has been under government review since 2021. This specialized financial institution will facilitate gold transactions, a preferred investment choice among Indonesians.

Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized that the initiative stems from Indonesia’s position as one of the world’s largest gold producers.

The establishment of a Gold Bullion Bank is expected to provide multiple benefits for both the government and the public. These include foreign exchange savings, alternative funding sources for industrial projects, diversified banking products, and potential returns for individuals storing gold deposits.

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