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Uzbek Central Bank selling pure gold coins for over $1,500

Business Materials 28 November 2018 10:07

Baku, Azerbaijan, Nov. 28

By Fikret Dolukhanov – Trend:

The Central Bank of Uzbekistan (CBU) has defined prices for sale of coins from precious metals, the press-service of the CBU said.

According to the information, the new power has come to force since Nov. 28.

The price of one gold coin is 12.7 million soums ($1,530). One silver coin can be bought for 236,000 soums ($28).

It was earlier reported that 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.

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.

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Follow the author on Twitter: @FDolukhanov

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