PT Pegadaian (Persero) is an Indonesian state-owned pawnbroker operated as a subsidiary of Bank Rakyat Indonesia. Formerly a pawnbroking monopoly, its monopoly was legalized in a Dutch East Indies government decree. Several savings and loan co-operatives de facto also offer pawnbroking services. As a state-owned enterprise, Pegadaian has a long history which began in the 18th century when Dutch East India Company (VOC), established a Bank van Lening. Then the Dutch East Indian government issued State Gazette no. 131 of 12 March 1901 that principally govern that establishment of pawnshop was monopolized and only government runs such business. In accordance with this law, the first Pegadaian was established in Sukabumi, West Java on 1 April 1901. More information...
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