Bullion Bank’s Impacts on Downstream Gold Sector
The presence of the bullion bank is expected to boost domestic gold downstreaming. It is a measure to prevent gold from flowing abroad.
Caesar Akbar
March 10, 2025

TOGETHER with two ministers and the Chief Executive Officers (CEOs) of two state-owned enterprises (SOEs), President Prabowo Subianto placed an object resembling a gold bar into a storage box. The moment, which took place at The Gade Tower in Central Jakarta on Wednesday, February 26, 2025, marked the launch of the bullion banking services by state-owned pawnbroker Pegadaian and Bank Syariah Indonesia (BSI). This is Indonesia’s first g
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