traverssolar.com – President Prabowo Subianto is set to inaugurate Indonesia’s first gold bank on February 26, 2025, as part of the government’s strategic initiatives to enhance economic competitiveness and transformation. This groundbreaking institution aims to manage domestically mined gold, which has traditionally been exported, ensuring that these valuable resources benefit the national economy.
In addition to establishing the gold bank, President Prabowo has introduced a policy mandating that 100% of foreign exchange earnings from the natural resources sector be deposited in national banks for a duration of 12 months. This measure seeks to optimize the utilization of Indonesia’s natural resource revenues for the prosperity of its citizens by bolstering development financing, increasing domestic money circulation, enhancing foreign exchange reserves, and stabilizing the national currency.
These initiatives reflect the administration’s commitment to leveraging Indonesia’s abundant natural resources to drive economic growth and ensure that the benefits are felt broadly across the nation.