Commemorative coins to be issued for 70th anniversary

Beginning on Tuesday, China will issue a set of coins to commemorate the 70th anniversary of the founding of the People's Republic of China, the central bank said.

The set of coins includes two gold, four silver and one copper alloy, all legal tender, the People's Bank of China said on its website.

One of the gold coins, with a diameter of 60 millimeters, contains 150 grams of gold and has a denomination of 2,000 yuan ($281). The other gold coin, 22 mm in diameter, contains 8 g of gold and has a denomination of 100 yuan, the central bank said.

All the coins feature the national emblem on the obverse and are inscribed with Chinese characters reading "the 70th anniversary of the founding of the PRC" on the reverse side.

There will be 2,000 large gold coins and 60,000 small gold coins available for purchase, it said.

The denominations of the silver coins also vary, with 5,000 at 300 yuan, 7,000 at 50 yuan and 200,000 at 10 yuan.

Xinhua

(China Daily Global 09/09/2019 page4)