571) 9th BRICS 2017 Summit held in Xiamen, People's Republic of China (PRC) from 03.09.2017 to 05.09.2017 commemorated by the Bank of the People's Republic of China by issue of Silver 5 & 10 Yuan and Gold 50 Yuan Coins issued on 28.08.2017:
The countries which form BRICS:
The Bank of the People's Republic of China (PRC) has issued 3 new commemorative coins for Collectors on 28.08.2017, which commemorate the 9th BRICS Summit (Brazil, Russia, India, China and South Africa) which was held hosted in Xiamen, Fijian Province, PRC from 03.09.2017 to 05.09.2017.
The Bank of the People's Republic of China (PRC) has issued 3 new commemorative coins for Collectors on 28.08.2017, which commemorate the 9th BRICS Summit (Brazil, Russia, India, China and South Africa) which was held hosted in Xiamen, Fijian Province, PRC from 03.09.2017 to 05.09.2017.
The objectives:
The 5 BRICS countries discuss ways and means to boost their economies by increasing trade levels, energy requirements and production in vital sectors amongst themselves.
The primary goal is to become more independent of Western trade, build commerce and greatly increase the Gross Domestic Product (GDP) of emerging nations.
BRICS consists primarily of the largest economy in South America - Brazil; the leading economy in Africa - South Africa; the second fastest growing economy after China - India; the third-largest economy world-wide - China and the country with the greatest reserves of energy - Russia.
BRICS continues to work as examples of cooperation between emerging-market and developing countries, bringing social welfare and an increased standard of living to the people of member countries/states and promoting the world economy.
The Group's additional goals are to increase global governance and promote the democratisation of international relations.
Over the past decade, BRICS's contribution to the world economic growth, in terms of trade and commerce has increased by 50% since their establishment.
The Commemorative Coins:
The Reverse of the Silver 10 Yuan coin against the backdrop of the Sunshine Rock. The logo of BRICS 2017 China is depicted in the centre top.
BRICS consists primarily of the largest economy in South America - Brazil; the leading economy in Africa - South Africa; the second fastest growing economy after China - India; the third-largest economy world-wide - China and the country with the greatest reserves of energy - Russia.
BRICS continues to work as examples of cooperation between emerging-market and developing countries, bringing social welfare and an increased standard of living to the people of member countries/states and promoting the world economy.
The Group's additional goals are to increase global governance and promote the democratisation of international relations.
Over the past decade, BRICS's contribution to the world economic growth, in terms of trade and commerce has increased by 50% since their establishment.
The Commemorative Coins:
The 3 coins in the series includes one Gold (50 Yuan) and two Silver (5 and 10 Yuan), all Proof Quality coins.
The Obverses of all three coins include the logo for the 2017 BRICS Summit at Xiamen, PRC.
The Obverse of the Silver 5 Yuan coin in addition to the BRICS 2017 logo includes a shoreline scene. The inscriptions are: "BRICS XIAMEN SUMMIT", BRICS 2017 CHINA and the denomination of the coin "5" in both Chinese & English.
The Reverse of the Silver 5 Yuan coin depicts the National Emblem of the People's Republic of china (PRC). At the lower periphery is the year of issue "2017".
The specifications of this coin are :
Denomination: 5 Yuan; Metallic Composition: .999 Silver (Ag); Weight: 15 grams; Diameter/Size: 33.0 mm; Coin Quality: Proof; Mintage: 50,000 pieces; Year of issue: 2017. Issuer: Bank of the People's Republic of China.
The Obverse of the Silver 10 Yuan coin in addition to the BRICS 2017 logo includes the Xiamen Sunlight Rock natural landscape with four sitting egrets and one egret about to land, all with their backs to the observer. The inscriptions are: "BRICS XIAMEN SUMMIT", BRICS 2017 CHINA and the denomination of the coin "10" in both Chinese & English.
The Reverse of the Silver 10 Yuan coin depicts the National Emblem of the People's Republic of china (PRC). At the lower periphery is the year of issue "2017".
The specifications of this coin are :
Denomination: 10 Yuan; Metallic Composition: .999 Silver (Ag); Weight: 30.0 grams; Diameter/Size: 40.0 mm; Coin Quality: Proof; Mintage: 50,000 pieces; Year of issue: 2017. Issuer: Bank of the People's Republic of China.
The Reverse of the Gold 50 Yuan coin depicts the National Emblem of the People's Republic of china (PRC). At the lower periphery is the year of issue "2017".
The specifications of this coin are :
Denomination: 50 Yuan; Metallic Composition: .999 Gold (Au); Weight: 3.0 grams; Diameter/Size: 18.0 mm; Coin Quality: Proof; Mintage: 20,000 pieces; Year of issue: 2017. Issuer: Bank of the People's Republic of China.
Interesting Links:
1) The Travels of a silver Mexican Peso:1898 restruck in 1949
2) Ancient Chinese, Indian and Islamic coins at the Shanghai Museum
3) A Road trip to Himachal - Manali, Dharmshala, Simla
4)coins-and-currency-of the SAR of-Hong-Kong
5) Coins and Currency of the SAR of Macau
6) Yuan Shih-Kai or "Fatman" or "Big Head" silver dollar
7) Currency of the People's Republic of China - Yuan, Jiao & Fen
Interesting Links:
1) The Travels of a silver Mexican Peso:1898 restruck in 1949
2) Ancient Chinese, Indian and Islamic coins at the Shanghai Museum
3) A Road trip to Himachal - Manali, Dharmshala, Simla
4)coins-and-currency-of the SAR of-Hong-Kong
5) Coins and Currency of the SAR of Macau
6) Yuan Shih-Kai or "Fatman" or "Big Head" silver dollar
7) Currency of the People's Republic of China - Yuan, Jiao & Fen
Satyajit Pratap has commented:
ReplyDelete"Though the goals and ideals are exemplary , it is getting caught in the whirlpool of internecine urge to dominate the world."
Even then, a start has been made & some benefits in terms of trade, exchange of innovations/ideas does take place at the Summit which in the long term prove to be rather beneficial. Also there is some concurrence on differences in opinion/views, like declaring one of our neighbours as a "terrorist haven" which was immediately agreed upon by a senion official from across the border who wanted to initiate measures for containing it. I would say "It is better to have met and exchanged/shared views than not have met at all".
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