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RBF to issue colored 7s commemorative coin

 

Aug 25, 2016 05:33:20 PM

RBF to issue colored 7s commemorative coin The Reserve Bank of Fiji (RBF) today announced that a colored commemorative circulation coin will be issued in early 2017 to honor the Fiji Rugby Sevens team’s Gold Medal win at the 2016 Rio Olympics.

RBF Governor Barry Whiteside said the RBF Board of Directors in their last meeting in July had approved the minting of a colored commemorative circulation coin in limited quantities should Fiji win a gold medal at the Rio Olympics.

He said this will be the first colored commemorative circulation coin for Fiji and design work is currently being finalised.

“Together with the production time, which is dependent on availability of a slot with the mint, actual completion of the coin could take around six months. It is therefore expected that this colored commemorative circulation coin will be issued in the first quarter of 2017.”

Mr Whiteside mentioned that only a limited quantity of this colored commemorative circulation coin will be minted, which means that it would fast become a collector’s item for the general public.

The RBF will announce further details closer to the date of issuance.

In 2013, the RBF had issued a non-colored commemorative 50 cents circulation coin commemorating Iliesa Delana’s historic F 42 category high jump Gold Medal win at the 2012 Summer Paralympic Games in London, England.

By Reginald Chandar

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