Myan­mar plans new gold coins

Banking Frontiers - - Regulator -

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.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.