Friday, October 1 2021 13:57

ArmInfo.On October 1, 2021 the Central Bank of Armenia puts into circulation the silver collector coin "30th Anniversary of Commonwealth of Independent States", the press service of the CBA reports.

According to the source, the obverse of the coin depicts the coat of  arms of the Republic of Armenia, a bunch of grapes with grains  symbolizing the number of CIS member states, an Armenian ornament. 

The reverse of the coin features the emblem of the CIS. The authors  of the sketches are Eduard Kurghinyan (obverse), Lusine Lalayan  (reverse). The collector coin is minted in the Lithuanian Mint.    

The Face value  of the commemorative coin is 1000 AMD. The coin is  made of 925 sterling silver. The diameter of the coin is 38.61 mm and  it weighs 33.6 grams. Quality is proof. Edge - grooved. Number of  issues - 500 pcs.  

The Commonwealth of Independent States (CIS) is an intergovernmental  union founded on December 8th of 1991 under an Agreement on the  establishment of the CIS by the leaders of Belarus, Russia and  Ukraine. In view of the shared history of the peoples and friendship  they enjoyed, taking into account the intention of the countries to  develop their relations on the basis of mutual recognition and  respect for state sovereignty, the parties had agreed upon the  formation of the CIS. At present, the CIS members include nine  states, with key areas of combined activity being economic  integration, cooperation between the bodies in the field of  humanitarian, political, legal and security issues, and the  establishment of a common information platform. The CIS is based on  the principles of equality in sovereignty of the member states and  serves to strengthen friendship, good-neighbor's policy, inter-ethnic  harmony, trust, mutual understanding and cooperation between the  countries.

The message also explains: Collector coins are made of precious  metals and are issued to present to the society the national,  international, historical and cultural, spiritual and other values of  the country, to immortalize these values in the metal and to meet the  demands of the numismatic market.  Like any other currency the  collector coins have face value which makes them the means of  payment.  However, the face value of these coins is much lower that  their cost price which includes the cost of the precious metal used  for manufacturing of the coin, mintage and other expenses. Low face  value and high cost price allow these coins to be considered as the  items of collection and not the means of payment used in money  circulation. The collector coins have also the sale price set by the  Central Bank of Armenia.  As the items of collection the collector  coins are issued in very restricted quantities and are not reissued.   Numismatists, collectors and all interested persons can buy the  Armenian collector coins in the sales salon "Numismatist" which is in  the building of the Central Bank of Armenia and is open for everyone.