Prabowo hails Indonesia's bullion bank as gold holdings reach 153 tons

President Prabowo Subianto lauded Indonesia's bullion bank, highlighting its successful management of 153 tons of gold valued at approximately $20 billion since its launch in February 2025. He described the bank as a crowning achievement of his 20-month administration, marking a significant structural shift in how Indonesia utilizes its mineral wealth.

"For the first time in the history of the Republic of Indonesia, Indonesia has a gold bank, a bullion bank, which now manages 153 tons of gold," President Prabowo stated at a press conference. He emphasized that this represents a recognized economic strength on the global stage, with expectations of continued growth.

The national bullion bank, a collaboration between state-owned pawnshop PT Pegadaian and Bank Syariah Indonesia (BSI), has attracted a large user base. Data shows a rise in customers from 3.2 million in February 2025 to 5.6 million by February 2026. Public gold savings at Pegadaian also increased from 10.5 tons to 19.25 tons during the same period. BSI's total gold management grew to 22.5 tons, with its gold savings customer base climbing from 531,329 to 766,742 depositors.

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For the first time in the history of the Republic of Indonesia, Indonesia has a gold bank, a bullion bank, which now manages 153 tons of gold. This is an economic strength that is recognized by the world, and I believe it will continue to grow in the coming years.