INTERNATIONAL, RBTVDISWAY.ID - Bank Indonesia (BI) has spoken out regarding circulating reports of the sale of 11 tons of gold reserves in July.
In response, BI confirmed that the sale of 11 tons of gold reserves did not occur. BI also dismissed the rumors circulating in the World Gold Council (WGC) report.
"In response to questions circulating about BI selling 11 tons of gold, we can confirm that Bank Indonesia did not sell gold as stated," said Ramdan Denny Prakoso, Head of the BI Communications Department.
He asked the public to refer directly to official data on Indonesia's foreign exchange reserves published on the Bank Indonesia website.
In July 2025, BI recorded that Indonesia had total foreign exchange reserves of US$152 billion.
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These foreign exchange reserves include US$8.348 billion in monetary gold, US$7.550 billion in Special Drawing Rights (SDRs), US$1.079 billion in Reserve Position in the Fund (RPF), and US$135.01 billion in other foreign exchange reserves.
Then, in August 2025, Indonesia's foreign exchange reserves fell to US$150.7 billion. The decline continued in September to US$148.7 billion.
Previously, Krishan Gopaul, a senior analyst at the World Gold Council (WGC), reported that Bank Indonesia sold 11 tons of gold in July 2025.
He said he received this report from data on global central bank gold sales reported to the International Monetary Fund (IMF).
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"We revised down our initial estimate of the increase in global gold reserves in July after Bank Indonesia reported the 11-ton sale," Gopaul said, as quoted by Kitco News.
Previously, in early September, Gopaul posted news of Bank Indonesia's gold sale of 11 tons on his personal X social media page.
"The latest IMF data shows that Bank Indonesia reduced its gold reserves by 11 tons in July. This means our published estimate of global central bank net purchases of 10 tons that month has now been revised to zero," he wrote on the X platform.