PBOC to issue commemorative coins for heritage site
( Xinhua )
Updated: 2010-06-17
BEIJING - The People's Bank of China (PBOC), China's central bank, said Thursday it will issue a set of gold and silver coins dedicated to an ancient building complex in the Wudang Mountains in Central China's Hubei province this month.
In an announcement posted on its website, the central bank said the commemorative series, consisting of one gold and one silver coins, will be legal tender.
The gold coin will be 22 mm in diameter and the silver one will be 40 mm.
The gold coin will have a face value of 100 yuan and will contain one quarter of an ounce of pure gold. It will have a maximum circulation of 30,000.
The 40-mm silver coin will have a face value of 10 yuan and will contain an ounce of silver. It will have a maximum circulation of 60,000.
The ancient building complex in the Wudang Mountains was listed as World Heritage site by the United Nations Educational, Scientific and Cultural Organization (UNESCO) in 1994.
China's central bank issues commemorative coins every year to mark major events or cultural traditions. It has thus far issued three sets of commemorative coins this year: for the Shanghai Expo, the 16th Asian Games and the classical Chinese fiction "Outlaws of the Marsh," or "Water Margin."
