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Central Bank of Uzbekistan to sell gold, silver coins

Business Materials 26 November 2018 11:43

Baku, Azerbaijan, Nov. 26

By Fikret Dolukhanov – Trend:

The Central Bank of Uzbekistan (CBU) will issue commemorative gold and silver coins as a pilot project in order to expand investment and savings opportunities for the population, as well as to develop the precious metals market, taking into account international experience and practice, the Central Bank’s press service said.

Two kinds of gold and 14 kinds of silver coins made from four nines fine (999.9) metals and weighing 31.1 grams, issued in 1994-2009, will be presented for sale.

The total number of coins to be put up for sale is 1,900 gold and 6,900 silver.

Commemorative coins will be issued in circulation with a certificate of authenticity, confirming their technical characteristics. The coins are made according to the proof technology.

The Central Bank will set the cost of commemorative coins at least once a week.

Commemorative coins will go on sale in separate branches of Uzbekistan’s commercial banks from Nov. 28, 2018.

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