Indonesia’s National Gold Bank has accumulated 153 tons of gold since its inception, according to Ferry Irawan, Deputy for Coordination of State-Owned Enterprise Management and Development at the Coordinating Ministry for Economic Affairs.
The figure underscores the scale of the state-backed bullion ecosystem, which was established to bolster the country’s economic resilience.
By channeling domestic savings into gold, the program aims to create a more robust reserve base and reduce reliance on foreign currency assets.
This development aligns with a broader trend among emerging markets to diversify reserves and strengthen domestic financial infrastructure.
While central banks in other regions have focused on foreign exchange reserves, Indonesia’s approach emphasizes direct bullion accumulation through a dedicated national bank structure.
The accumulation of 153 tons represents a substantial addition to the country’s strategic assets.