President Prabowo Launches Pegadaian Gold Bank Service to Boost Indonesia's Economy

Indonesia's New Economic Initiative: The Pegadaian Gold Bank

On February 27, 2025, a pivotal event unfolded in Indonesia as President Prabowo Subianto officially inaugurated the Pegadaian Gold Bank Service and Bank Syariah Indonesia (BSI). This occasion marks a significant milestone for Pegadaian, a subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk, also known as BRI, which is part of the Ultra Micro Holding alongside Permodalan Nasional Madani (PNM).

The inauguration ceremony was symbolically highlighted by the unique act of President Prabowo placing a gold bar into a treasure box, representing the country's financial aspirations through gold banking. According to President Prabowo, this initiative is expected to substantially contribute to Indonesia's GDP, projecting a potential impact of approximately IDR 245 trillion. More importantly, it aspires to create around 1.8 million jobs, thereby reinforcing the nation’s economic framework and reducing foreign exchange outflows.

Among the distinguished guests at the inauguration were influential figures in Indonesia’s government and economy, including the Coordinating Minister for Economic Affairs, Airlangga Hartarto, and the Minister of State-Owned Enterprises, Erick Thohir. The presence of such key figures underscores the collective support and importance of this initiative to Indonesia's future.

Minister Thohir elaborated on the potential of the Bullion Bank initiative, outlining plans to tap into the impressive reserve of gold owned by the public, estimated at 1,800 tons. This exploration of public gold reserves could unleash significant economic activity and financial inclusion, benefiting many Indonesians.

Sunarso, the President Director of BRI, added, "As the parent company of the Ultra Micro Holding, which encompasses Pegadaian and PNM, BRI is fully committed to the success of this Gold Bank program." His remarks reflect a strong corporate belief in the transformative power of the gold banking system as a vehicle for economic acceleration in Indonesia.

Damar Latri Setiawan, the President Director of Pegadaian, expressed his optimism, stating that the Gold Bank is not just a pioneering platform, but also a vital component of the Asta Cita vision for Indonesia's economic sustainability. Currently, Pegadaian manages around 90 tons of gold, with recent sales having increased by 35% year-over-year to reach 9 tons.

Further illustrating the initiative's success, the Gold Investment feature integrated into the BRImo app, which was launched in February 2024, has reported a transaction volume of IDR 279.8 billion by December 2024. This digital aspect of gold investment is expected to expand access to gold for everyday Indonesians, promoting broader financial participation in the economy.

In summary, with the initiation of the Pegadaian Gold Bank Service, the BRI Group is optimistic about significantly contributing to Indonesia's economic future. By providing wider access to gold investment, this initiative not only fosters economic growth but also enhances financial security for many citizens. As Indonesia steps into this new chapter of economic opportunity, the hope is that it paves the way for a prosperous future for all.

For additional details about BANK BRI and its initiatives, please visit www.bri.co.id.