With the development of the economy and the evolution of the currency form, China's modern gold and silver commemorative coins are only used as commemorative means and are not directly circulated. However, this is not to say that China's gold and silver commemorative coins are not the national legal currency, but still have legal currency attributes:
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1. Issued by the Central Bank. According to the Law of the People's Republic of China on the People's Bank of China and the Regulations on the Administration of Renminbi of the People's Republic of China, the RMB is the legal currency of China, and the precious metal commemorative coins such as gold and silver are issued by the People's Bank of China, the central bank of China. Limited edition of RMB for specific topics.
2. Cast by the designated mint. China's gold and silver commemorative coins are produced by the Mint designated by the People's Bank of China. After the casting molds are used, they are organized and sealed by the People's Bank of China.
3. The issuance of factor specifications and the sale of the act is serious. According to the "Regulations on the Administration of Renminbi of the People's Republic of China", China's gold and silver commemorative coins must have clear themes, denominations, patterns, materials, styles, specifications, number of issuances and issuance time. The currency must be marked with the name, year number and denomination of the People's Republic of China. . At the time of official issuance, the People's Bank of China shall issue an announcement to the society in the authoritative media, explain the issuance factors, and equip with the appraisal certificate signed by the president of the People's Bank of China to ensure that the quality standards and their circulation and the amount of casting are consistent. Its sales are mainly distributed by industry companies directly under the People's Bank of China and are retailed by enterprises that have been audited by the People's Bank of China.
4. Have reserve function and national credit. Gold is still a recognized international reserve currency, and gold and silver commemorative coins are the means by which the public can store value. As an issuer, the People's Bank of China has a legal obligation for China's gold and silver commemorative coins, and the gold and silver commemorative coins have a national letter for security.
Gold and silver coins are the national legal currency and are internationally accepted. The gold and silver commemorative coins of most countries in the world are issued by the Central Bank, the Ministry of Finance or the Mint, and the issuance procedures are strict. The approval and establishment of China's gold and silver commemorative coin projects are also quite strict. Projects involving major political and historical subjects must be reported to the Party Central Committee and the State Council for approval.
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