Indonesia is ready to set up bullion banks after developing its capability to produce gold bars domestically, according to Minister of State-Owned Enterprises (SOEs), Erick Thohir. The plan to establish bullion banks will be supported by state-owned miner PT Aneka Tambang (Antam) and gold miner PT Freeport Indonesia by processing gold bars in the country, he said. According to the minister, a system created by Antam and Freeport will create sufficient gold reserves to be used as public savings. Furthermore, the Ministry of SOEs will discuss the potential for gold savings with PT Bank Syariah Indonesia (BSI), as a key operator. The cooperation between Antam and Freeport will help save up to Rp200 trillion in foreign exchange, as previously, Antam only imported raw materials for gold bars, he claimed. Currently, Indonesia has large gold reserves but so far, the gold reserves have only been recorded as tonnage without being included in a bank's financial balance sheet. In contrast, in Indonesia, gold is often only managed as a raw material without full processing.Source: https://en.antaranews.com/news/337870/indonesia-ready-to-establish-bullion-banks-minister-thohir?utm_source=antaranews&utm_medium=desktop&utm_campaign=top_news (ICE GIACARTA)

Fonte notizia: ANTARA NEWS, 12 December 2024