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China to issue new commemorative coins for 16th Asian Games

UserPost

8:41 am
May 19, 2010


admin

Admin

posts 215


BEIJING, May 18 (Xinhua) — The People's Bank of
China, China's central bank, said Tuesday it will issue a second set of
gold and silver coins to mark the 16th Asian Games to be held in
southern China's Guangzhou Province in November.

In an announcement posted on its website, the central bank said
the new commemorative series will consist of one gold coin and one
silver coin which will be legal tender.

The coins will be issued from May 31.

The gold coin will have a diameter of 22 millimeters and the
silver coin will have a diameter of 40 millimeters.

The gold coin will have a face value of 100 yuan and will contain
one quarter of an ounce of gold. It will have a maximum circulation of
30,000.

The 40-mm silver coin will have a face value of 10 yuan and will
contain an ounce of silver. It will have a maximum circulation of
60,000.

The central bank issued the Series I commemorative coins for the
16th Asian Games in July last year.

The 16th Asian Games will be held from Nov. 12 to 27 in
Guangzhou, capital city of south China's Guangdong Province.

The Chinese capital city Beijing hosted the 11th Asian Games in
1990.


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