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Indonesia, Home to Giant Gold Mine, Wants Its Own Bullion Bank

  • Government plans to start operating a bullion bank in 2024
  • The bank could reduce gold imports, develop local industry
Gold Fields Ltd.'s South Deep Gold Mine
Photographer: Waldo Swiegers/Bloomberg

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Indonesia, home to one of the world’s largest gold mines, plans to set up a bullion bank to spur trading of the precious metal domestically.