Myanmar plans new gold coins
The Central Bank of Myanmar is going to introduce quarter-tical gold coins with national leader Bogyoke Aung San’s portrait. The central bank has been selling gold coins in weights of one tical, half-tical and quarter-tical since 1991. One tical is equivalent to around 16 grams. Currently, one-tical coins bear a single star, while the half and quarter-tical coins have a ploughing farmer and logging elephant engraved, respectively. However, supply of quarter-tical coins has run out due to high demand. As such, the CBM will issue new coins with a fresh design. The ‘Central Bank of Myanmar’ and ‘4.082 gm 999.9 Fine Gold’ will be inscribed in English on one side of the coin and in Myanmar language on the other side.