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PBOC issues commemorative coins for navigation system

January 31, 2013 in China Coins, Commemorative, Gold, Gold Coins, Silver, Silver Coins, World Coins

Updated: 2013-01-30 17:02 ( Xinhua) (http://www.chinadaily.com.cn)

BEIJING — China’s central bank has issued a set of two commemorative coins marking theofficial launch of the BeiDou Navigation Satellite System, or BDS, last December.

The set includes one gold and one silver coin, both of which are fiat money of the People’sRepublic of China, according to the People’s Bank of China.

The coins both feature a variety of decorative elements, including the national emblem, imagesof satellites and binary codes.

The PBOC will issue 30,000 gold coins with a face value of 150 yuan ($24.08) and 60,000silver coins with a face value of 10 yuan.

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