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- Dubai 04:22 05:41 12:19 15:46 18:52 20:11
The 24-carat, five-ounce gold coin features the portrait of President Sheikh Khalifa (SUPPLIED)
The Dubai Multi Commodities Centre Authority (DMCC) has launched the Emirates' first gold coin.
The 24-carat, five-ounce innovative gold bullion coin, features the portrait of the President His Highness Sheikh Khalifa bin Zayed Al Nahyan on one side and the world's tallest tower - Burj Khalifa - on the other.
DMCC is in talks with the UAE Central Bank to designate the coin, minted in Switzerland, as a legal tender in the UAE.
With gold demand on the rise as a save investment instrument, especially after falls in global stock markets, the gold bullion coin is sure to attract massive interest.
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