On the occasion of the 100th anniversary of national leader Heydar Aliyev, on May 10, the Central Bank of Azerbaijan (CBA) for the first time in the history of the country launched the sale of investment coins made from Azerbaijani gold of the highest standard, Report informs, citing the CBA.
Following international practice, these coins are made of gold of the highest standard so that they can be used as a long-term investment tool and a means of saving. The coins are produced and put into circulation depending on demand without restrictions on the issuance limit. The investment-grade coins weigh 1 troy ounce (31.1 grams), 1/2 troy ounce (15.55 grams), 1/4 troy ounce (7.78 grams), 1/10 troy ounce (3.11 grams). Commemorative and investment coins are legal tender in the country.
|
Weight |
Metal |
Nominal value, AZN |
Sale price, AZN |
|
1 troy ounce (31.1 g) |
gold |
100 |
3,752.03 |
|
1/2 troy ounce (15.55 g) |
gold |
50 |
1,886.02 |
|
1/4 troy ounce (7.78 g) |
gold |
20 |
990.51 |
|
1/10 troy ounce (3.11 g) |
gold |
10 |
422.20 |
The commemorative and investment coins have been produced to the highest international standards at The Royal Mint in the UK. On the obverse is the depiction of the great leader, his signature and the inscription "Heydar Aliyev", on the reverse are the words "Republic of Azerbaijan", the image of the State Emblem, the denomination of the banknote and national patterns.
The sale and redemption of investment coins is carried out by the CBA.
The sale of the coins is carried out through the online system of the Central Bank (https://coin.e-cbar.az/), at the cash desks of the Central Bank and through banks.