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Gold Price: No Quick Return to $200/oz (IDR 3M/gram)

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Indonesia’s Gold Market: Post-Eid Stability and Projected Growth Jakarta, Indonesia – Following the recent Eid al-Fitr celebrations, Indonesia’s gold market is exhibiting a period of stabilization after the typical post-holiday dip in sales, according to analysts. While an immediate surge back to IDR 3 million per gram is not anticipated, experts predict a gradual increase … Read more

Bank Cirebon License Revoked: LPS Guarantees Deposits

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Bank Cirebon License Revoked: LPS Guarantees Customer Funds Indonesia’s Financial Services Authority (OJK) has revoked the operating license of Perumda Bank Perkreditan Rakyat (BPR) Bank Cirebon, effective immediately. The Lembaga Penjamin Simpanan (LPS), or Deposit Insurance Corporation, has stepped in to guarantee the full repayment of customer deposits, alleviating concerns among account holders. This action … Read more

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