National bullion bank accumulates 153 tons of gold: ministry

Jakarta (ANTARA) - Indonesia's national gold bank, or bullion ecosystem, has accumulated approximately 153 tons of gold in the 17 months since its launch, the Coordinating Ministry for Economic Affairs revealed.

According to the ministry’s Deputy for Coordination of Management and Development of State-Owned Enterprises Ferry Irawan, the gold is currently held through state-backed financial institutions including state-owned pawnbroker PT Pegadaian and Islamic lender Bank Syariah Indonesia.

“This is something we will continue to develop," Ferry said during the 2026 Risk and Governance Summit in Jakarta on Tuesday.

"Since February 20, 2025, we have accumulated a total of approximately 153 tons of gold, both at Pegadaian and Bank Syariah Indonesia.

Launched on February 20, 2025, the national gold bank was designed to monetize Indonesia’s vast domestic gold holdings, integrating physical gold into the formal financial system.

Developing the bullion ecosystem is also part of government efforts to deepen the domestic financial market and strengthen economic resilience amid rising global uncertainty.

Beyond the bullion bank, Ferry highlighted several key financial reforms the government carried out to maintain investor confidence.

These initiatives include strengthening financial market governance, increasing transparency, and deepening the domestic financial market.

In a bid to reduce dependency on foreign currencies, the government and Bank Indonesia are expanding the implementation of local currency transactions (LCT) with key trading partners.

Since its inception in 2018, the LCT framework has been established with six partners: Malaysia, Thailand, Japan, China, South Korea, and the United Arab Emirates.

Furthermore, the government has prepared People's Business Credit (KUR) totaling Rp340 trillion (approximately US$18.82 billion) to drive economic growth, create jobs, and support productive sectors.

The government is also tightening its grip on commodities through the refinement of Natural Resource Export Proceeds (DHE) policies.

The updated regulations aim to increase transparency, stamp out transfer pricing, prevent under-invoicing, and ensure that the financial gains from Indonesia's resource wealth remain in domestic banks.

Despite global economic pressures, international institutions maintain a positive growth outlook for Indonesia.

The International Monetary Fund (IMF) projects the country's economy to grow by 5 percent in 2026, while the Asian Development Bank (ADB) maintains a projection of 5.2 percent.

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Translator: Shofi Ayudiana, Yashinta Difa

Editor: Rahmad Nasution

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