Indonesia’s Prabowo Lists Initiatives Rolled Out Since Taking Office
Indonesia’s President Prabowo Subianto emphasized that his administration has successfully introduced and implemented several key initiatives.
During a plenary Cabinet meeting at the Presidential Palace in Jakarta on Friday, he stated that the government has implemented the Free Health Checks program since February to provide all citizens with equal access to essential medical services.
Prabowo asserted that the program is a major initiative, as not all countries offer such services to their citizens.
He then cited Government Regulation No. 8 of 2025, which mandates that exporters deposit all foreign exchange earnings from the export of natural resources into domestic banks.
He emphasized that the regulation, in effect since March 1, applies to exporters using credit from state-run banks or other state-owned assets.
“These companies must deposit 100 percent of their foreign exchange domestically within one year,” he said, adding that the regulation is expected to boost Indonesia’s foreign exchange reserves by up to US$100 billion.
Furthermore, Prabowo highlighted the launch of Indonesia’s first-ever bullion bank—a financial institution that specializes in dealing with precious metals, primarily gold—on February 26.
“Although our gold reserves are the sixth-largest in the world, we only recently established our own bullion bank,” he said.
He added that the national bullion bank allows citizens to deposit gold domestically, which is expected to reduce Indonesia’s reliance on similar depository services abroad.
Prabowo took office in October 2024 from Jokowi but made it clear that most of the initiatives started by the former President will be implemented.
