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Indonesia Introduces Bullion Banking to Stabilize Foreign Exchange

The country’s authorities opened bullion services in two state-owned institutions and declared that more licenses could follow. Prabowo Subianto, president of Indonesia, stated that this bullion initiative could “help sa...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Indonesia Introduces Bullion Banking to Stabilize Foreign Exchange
The country’s authorities opened bullion services in two state-owned institutions and declared that more licenses could follow. Prabowo Subianto, president of Indonesia, stated that this bullion initiative could “help save the country’s foreign exchange.” Indonesia Launches Bullion Banking, Aims to Include Gold Savers Into the Country’s Formal System Indonesia is launching formal bullion-based banking, joining […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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