China's central bank said Thursday that it will issue a set of gold and silver coins on July 28 to commemorate the 16th Asian Games, which will be held in southern China's Guangzhou.
The set includes one gold coin, which weighs a quarter ounce and a silver coin weighing one ounce, said the People's Bank of China Thursday.
A maximum of 30,000 gold coins will be issued with a face value of 100 yuan (14.6 U.S. dollars) each. Up to 60,000 silver coins will be issued with a face value of 10 yuan each. The purity of the coins is 99.9 percent.
The coins are produced by Shenzhen Guobao Mint and Shanghai Mint. They will be distributed by the China Gold Coin Inc., said the central bank.
The 16th Asian Games will be held between Nov. 12 - Nov. 27 in Guangzhou, capital city of Guangdong Province. It is the second bid that China has won after Beijing hosted the 11th Asian Games in 1990.
China issued the first commemorative coin in 1979. The gold coin was to mark the 30th founding anniversary of the People's Republic of China.
(Xinhua News Agency July 23, 2009)
