State pawn shop operator Perum Pegadaian recorded a 20 percent increase in transactions in August, ahead of the Idul Fitri holidays, compared with the previous month.“Compared with before Lebaran [Idul Fitri], the pawn transactions rose by up to 20 percent,” Perum Pegadaian managing director Suwhono said Friday in Jakarta. (source)
He said people commonly pawned their motorcycles and or bought back gold jewelry they had deposited ahead of Idul Fitri.
“They may want to wear gold jewelry when they come to their hometowns, while motorcycles are pawned more because they consider it safer than to leave them at home,” Suwhono added.
He said people mostly visited pawn shops three or four days before Idul Fitri.
Perum Pegadaian recorded a turnover of Rp 36 trillion (approximately US$4.2 billion) in the first half of the year, and is targeting revenues of Rp 84 trillion by the end of the year, Antara news agency reported.
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