US EditionIndonesia’s bullion banks, new mining policies pose threat to West Papuan sovereignty
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Indonesia’s bullion banks, new mining policies pose threat to West Papuan sovereignty
ANALYSIS: By Ali Mirin Last week, on 26 February 2025, President Prabowo Subianto officially launched Indonesia’s first bullion banks, marking a significant shift in the country’s approach to gold and precious metal management. This initiative aims to strengthen Indonesia’s control over its gold reserves, improve financial stability, and reduce reliance on foreign institutions for gold transactions. Bullion banks specialise in buying, selling, s…
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