Price Of Gold Coins Begins To Rise Again In Uzbekistan

By Trend News Agency

Uzbek Central Bank will introduce new prices for commemorative coins made of precious metals since February 20, Trend reports with reference to the information in the Telegram channel of Uzbek Central Bank.

Gold coins have risen in price by 200,000 soums, and their cost now amounts to 13.9 million soums while the cost of silver coin decreased from 266, 000 soums to 264, 000 soums.

Central Bank issued commemorative coins of gold and silver as a pilot project. Two types of gold and 14 types of silver coins made from metal samples 999.9 and weighing 31.1 grams, issued in 1994-2009, are on sale. There are 1900 gold and 6900 silver coins put up for sale.

Coins are allowed to be used on the territory of Uzbekistan as a legal means of payment at their nominal value (significantly lower than the selling price), as well as objects of collecting, investment and accumulation, which are higher than the nominal value.

The third article of the law “On currency regulation” states that the gold and silver coins of the Central Bank do not belong to currency values.

This article provided by NewsEdge.