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The Risks of Bullion Banking

Monday, March 10, 2025

State-owned pawnbroker Pegadaian and BSI are Indonesia’s first bullion bank providers. The plan is to use people’s gold deposits as an alternative funding source for government projects.

arsip tempo : 174571974684.

A salesperson arranges gold bars at the gold bank service counter of Bank Syariah Indonesia at The Gade Tower, Jakarta, February 26, 2025. Antara/Muhammad Adimaja. tempo : 174571974684.

A TRANSACTION notification popped up on Ahmad Akbar’s smartphone screen on the evening of Thursday, February 27, 2025. At that moment, he had just deposited funds via the Pegadaian Digital app, a platform operated by state-owned pawnbroker Pegadaian. The 31-year-old man had opened a digital gold savings account just a day after President Prabowo Subianto inaugurated the gold bank jointly managed by Pegadaian and Bank Syariah Indonesia

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Ghoida Rahmah

State Budget Gold investments Pegadaian Prabowo Subianto BSI Gold Bank development
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