DMCC has revealed prototypes of a fresh line of gold and silver bullion coins that honor the UAE’s accomplishments over the last 50 years. The coins will be accessible for purchase post-Ramadan. The announcement was made during the 2022 Dubai Precious Metals Conference (DPMC), where DMCC disclosed its collaboration with Czech Mint, the official supplier of currency coins to the Czech Republic’s central bank.
The deal was inked by Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, and Mr. Michal Drtina, CEO and Chairman of the Board of Czech Mint. These bullion coins commemorate UAE’s achievements and are embellished with various designs such as the images of H.H. Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the Louvre Abu Dhabi, symbolizing UAE’s position as a global cultural hub.
DMCC’s launch highlights its commitment to boosting the global gold and precious metals trade landscape, which will progress throughout the year and climax in DMCC’s yearly Dubai Precious Metals Conference. The DPMC is considered one of the crucial events in the global precious metals industry, providing a platform to grasp opportunities and resolve sector-specific challenges.
DMCC will be looking to mint previous editions of its popular gold coins with Czech Mint. Throughout 2022, DMCC intensified its efforts to strengthen the broader gold ecosystem. DMCC’s Dubai Gold & Commodities Exchange (DGCX) partnered with FinMet to enhance DGCX’s gold product offerings and market participation. This was accomplished by providing bullion traders with new gold contracts to raise short-term funds.
DMCC also signed pacts with Comtech Gold and SafeGold to offer digital assets backed by physical gold, thereby positively disrupting the USD 20 billion gold industry in the Middle East. In addition to supporting the second edition of the Jewellery Gem and Technology (JGT) Dubai B2B trade show, DMCC hosted influential delegations from key gold markets, including the UK’s Royal Mint and various African nations. These conversations centered on promoting the global trade of precious metals.
