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Indonesia launches first bullion banks to manage gold, aiming to boost economy and create jobs.
Indonesian President Prabowo Subianto launched the country's first bullion banks to manage and store the nation's gold domestically.
This move aims to boost the economy by an estimated 245 trillion rupiahs, create 1.8 million jobs, and aligns with his administration's focus on downstreaming natural resources.
The banks, Pegadaian and Bank Syariah Indonesia, will offer gold deposit, financing, and trading services, reflecting efforts to enhance the national gold industry.
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