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Presidential inauguration commemorative coins to go on sale May 21

2012/05/10 21:12:06

Taipei, May 10 (CNA) The Central Bank of the Republic of China (Taiwan) announced Thursday that it will issue commemorative coins celebrating the inauguration of President Ma Ying-jeou, who will begin the country's 13th presidential term on May 20.

The central bank will issue 10,000 gold coins and 50,000 silver coins, which will cost NT$54,000 (US$1,839) and NT$1,800 each, respectively, said Shih Tsuen-hua, a director of the bank, who added that the coins will be on sale May 21.

The gold coin has a face value of NT$2,000 and is made of 99.99 percent gold, while the silver coin has a face value of NT$200 and is made of 99.9 percent pure silver. Both coins are legal tender.

Both coins feature portraits of President Ma Ying-jeou and Vice President-elect Wu Den-yih on the front and an image of the Presidential Office on the back.

The Bank of Taiwan has been commissioned by the central bank to handle the sales, Shih said.

Each person will only be allowed to purchase one gold and one sliver coin at a time.

Shih noted that this will be the fifth time that commemorative coins have been issued by the central bank to mark a presidential inauguration.

Ma is the country's third popularly elected president, after Lee Teng-hui (1996) and Chen Shui-bian (2000, 2004).

(By Eva Feng and Hanna Liu)