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BUSINESS

LFSA’s 25th anniversary commemorative coins launched by Tengku Zafrul

15/12/2021 06:41 PM

KUALA LUMPUR, Dec 15  -- Bank Negara Malaysia (BNM) has today announced the issuance of commemorative coins in conjunction with the 25th Anniversary of the Labuan Financial Services Authority (LFSA).

Launched by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, the commemorative coins will be issued in two denominations which are Coloured Sterling Silver with Sapphire Stone Commemorative Coin (proof) and Nordic Gold Brilliant Uncirculated (BU) Commemorative Coin.

For Coloured Sterling Silver with Sapphire Stone Commemorative Coin (proof), it is the first time that BNM will issue numismatic coins with sapphire stone inserts.

“The coin weighs 31 grammes and is made of sterling silver with 92.5 per cent purity.

“It has a face value of RM10 and will be sold at RM286 a piece with 1,000 pieces minted,” it said in a statement today.

Meanwhile, the Nordic Gold Brilliant Uncirculated (BU) Commemorative Coin weighs 8.5 grammes and is made of copper and several other metals.

“It has a face value of RM1 and will be sold at RM13.20 a piece with 10,000 pieces minted,” it added.

Design-wise, on the obverse, the text “LABUAN FINANCIAL SERVICES AUTHORITY” is shown on the left circumference of the coins, while on the right circumference “1996-2021” is depicted to mark 25 years of LFSA’s establishment.

The map of Labuan is featured on a diamond-cut 3D surface with Labuan Financial Park, where LFSA is headquartered, marked out with a sapphire stone insert on the sterling silver coin.

While on the reverse, the text “BANK NEGARA MALAYSIA” as the issuing authority of these numismatic coins, is shown on the top circumference of the coin followed by the official LFSA 25 logo in the centre.

BNM said these commemorative coins are also available for sale in a Set of Two with each set priced at RM341, inclusive of 10 per cent sales and services tax.

“Each set comprises one coloured sterling silver with sapphire stone proof coin and one Nordic gold proof coin. A total of 1,000 sets are available for purchase,” it said.

Members of the public can place their orders at duit.bnm.gov.my from Feb 14, 2022 at 10 am until Feb 25, 2022 at 11 pm.

-- BERNAMA


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