Dubai, the commercial hub of the United Arab Emirates, unveiled a new collection of gold and silver coins on Wednesday. The fundamental intention of the new coins is to attract investors and collectors from around the world.
The coins were launched by the Dubai Multi Commodities Centre (DMCC), which is a government-owned agency that oversees the precious metals industry in the UAE.
The coins are the result of a collaboration with the Czech Mint, the Czech Republic’s official vendor of currency coins to the central bank.
On Wednesday, the Dubai Multi Commodities Centre (DMCC) launched the new series of coins and revealed more information about the coins, which were created to honour the UAE’s achievements over the last 50 years. The coins are available for purchase on the market which includes banks, bullion dealers, and precious metals trading companies after the holy month of Ramadan.
The coins are also available for purchase online through the Dubai Multi Commodities Centre’s e-commerce platform.
Dubai’s New Approach to the Currency Market
The introduction of the new coins will boost demand for gold and silver in the UAE. The new set of coins is made from 99.99% pure gold and silver and comes in various denominations and weights. The coins feature designs inspired by Dubai’s culture and heritage.
The unique coins reveal the exclusive designs that feature UAE’s political leaders, including the UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohamed bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai. Another version carved the country’s global cultural destination.
This unveiling of the gold and silver coins by DMCC shows the epitome of support to the metals trade landscape globally. UAE’s foray into the coin arena has also found its place in the global economy.
The launch of the new gold and silver coins is expected to further strengthen Dubai’s position in the global precious metals industry. The support of the DMCC for growth and marking history is huge. Constantly, Dubai is making its own mark in every field.
Dubai is attracting global attention in sectors ranging from transportation, healthcare, technology, and entertainment, and now it’s welcoming the global market with its astonishing new coins.
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The launch of a new series of coins by DMCC is an important development for the precious metals industry in Dubai.
Ahmed Bin Sulayem, the Executive Chairman and CEO of the DMCC, announced that the new coins represent a significant milestone for the precious metals industry in Dubai. He added that the coins are expected to attract investors and collectors from around the world and will help promote Dubai as a global hub for the precious metals trade.
Last month DMCC announced the establishment of the Tender Best Practice Forum Code Of Conduct under the Dubai Diamond Exchange (DDE), the world’s largest diamond tender facility and the official trade body for Dubai’s rapidly-growing diamond industry.