JAKARTA - Indonesian President Prabowo Subianto is scheduled to inaugurate the first gold bank (Billion bank) service in Indonesia on Wednesday afternoon, February 26. This inauguration is a step to support downstreaming in Astacita that has been launched by the government.
Deputy for Protocol, Press and Media of the Presidential Secretariat, Yusuf Permana, ensured that President Prabowo would directly inaugurate the gold bank's services.
"This afternoon, Mr. President Prabowo is scheduled to inaugurate the gold bank service. This service is the first in Indonesia. The event was held at The Gade Tower, Central Jakarta, and is planned to take place at 14.00 WIB," Yusuf said as quoted by ANTARA.
Yusuf explained that the inauguration of this gold bank was President Prabowo's strategic step to strengthen the national gold industry ecosystem and support downstream missions in the Astacita of the Red and White Cabinet.
He also added that the inauguration ceremony for the gold bank service was open to being covered by journalists from the Presidential Palace.
Previously, President Prabowo had announced the plan to inaugurate this gold bank when describing the policy of Foreign Exchange for Natural Resources Export Results and other economic policies at the Merdeka Palace, Jakarta, on Monday (17/2) last week.
Prabowo explained that the formation of a special gold bank in Indonesia aims to overcome the problem of exporting gold from domestic mines, which so far do not have special storage in the country.
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Therefore, the President will inaugurate the gold bank on February 26, 2025, making it the first in Indonesia.
"We will form a gold bank, because so far we do not have a bank for our gold, not in Indonesia," Prabowo said on the previous occasion.
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