Prabowo Pamer Has A Gold Bank Ahead Of 80 Years Of Free Indonesia

President Prabowo Subianto (photo: Antara)

JAKARTA - President Prabowo Subianto officially launched the Pegadaian Gold Bank and Bank Syariah Indonesia service today, Wednesday, February 26 at the Pegadaian Headquarters.

In welcoming Prabowo, Indonesia is the organizer with the world's largest nonor 6 gold reserves with gold production reaching 160 tons per year. This number was recorded to increase from the previous year's 100 tons per year.

"Today, towards 80 years of independence, we are proud to be the first time in the history of the Indonesian nation to have the 6th largest gold reserves in the world for the first time to have a gold bank," Prabowo said in his remarks, Wednesday, February 26.

Prabowo said, the formation of this gold bank service could increase Indonesia's Gross Domestic Product (GDP) to Rp245 trillion and create new jobs of up to 1.8 million, expanding foreign exchange.

"It also helps save the country's foreign exchange because from upstream to downstream, gold will be processed and stored domestically and does not flow overseas," he continued.

Not only that, but the gold bank is also claimed to be able to improve controlling monetary stability through a gold liquidity mechanism to gold banks and conduct domestic gold transactions.

On the same occasion, Prabowo also expressed his appreciation and gratitude to the ranks of ministers and the selection of red plate companies that worked hand in hand until the formation of the first gold bank in Indonesia.

"I thank all the elements who have worked hard, my appreciation to the Coordinating Minister for the Economy, the Minister of SOEs, all the directors of Himbara banks, Pegadaian Directors, BSI and all those who worked hard so that today we have an exosystem of services for pawning gold banks and BSI," said Prabowo.