Tuesday

CBC to issue presidential commemorative coins

CNA
TAIPEI, Taiwan -- The Central Bank of the Republic of China (Taiwan) is planning to issue coins to commemorate the inauguration of the country's 12th president and vice president, CBC Governor Perng Fai-nan said yesterday.

Speaking at the Legislative Yuan, Perng said the CBC is following precedent with its issue of commemorative coins to mark the inauguration of the nation's popularly-elected leaders.

Perng said the new coins have already been designed and will be issued on May 20 when Ma Ying-jeou and Vincent Siew are inaugurated as the 12th president and vice president of the nation. He did not say how many sets of coins the central bank will issue on that day.

In May 1996, the CBC issued 2,500 sets of commemorative silver coins to mark the inauguration of Lee Teng-hui and Lien Chan as the ninth president and vice president of the nation. At the time, the cost of the coins was NT$20,000 (about US$650) per set.
The CBC also issued similar commemorative silver coins in 2000 to mark the inauguration of Chen Shui-bian and Annette Lu as the 10th president an vice president of the nation.

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