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Indonesia's finance authority says country urgently needs a gold bank
By Nabiila Azzahra
Tempo, Jakarta, Indonesia
Sunday, December 15, 2024
Indonesia's Financial Services Authority (OJK) said the need to establish a gold bank in Indonesia is urgent. A gold bank is a form of bullion business activity that is currently being developed by OJK and the government.
The chief executive of the Supervisory Board of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions of OJK, Agusman, explained the urgency of organizing bullion business activities.
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Agusman said this was necessary considering Indonesia's position as a producer and one of the largest gold reserve owners in the world but also as an importer to meet domestic gold needs.
With a gold bank, Indonesia will finally be able to record the value of its gold stock and include gold in its financial balance sheet. ...
... For the remainder of the report:
https://en.tempo.co/read/1953080/ojk-establishment-of-gold-bank-in-indonesia-is-urgent
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