On October 8, the first of a total of 40 million coins alluding to the World Youth Day (WYD) will begin to circulate in Panama, to be held in this country in January 2019 with the presence of Pope Francis.
The Panamanian Government reported today that the first design that will go into circulation is the allusive to the Santa María La Antigua Cathedral, located in the old town of Panama City and consecrated in 1796, although its construction began 108 years earlier.
"This design will have on the obverse the image of the Santa María La Antigua Basilica Cathedral and the identification of the WYD Panama and, on its reverse side, the National Shield and the denomination a balboa," which is equivalent to the US dollar. , indicated an official statement.
The delivery of the next October 8 will be the first of a collection of 8 designs, and the next to enter circulation, on a date that has not yet been announced, will be the Oratorio San Felipe Neri, said the Ministry of Economy and Finance .
A total of 40 million circulation coins will be coined with the denomination of 1 balboa commemorative of the WYD, which will take place from January 22 to 27 in the Panamanian capital and which is expected to gather about half a million people, among young people pilgrims, priests, nuns and journalists from around the world.
Through a law, the Ministry of Economy and Finance was also authorized to coin 2,000 sets of quality coins aimed at collectors, also commemorative of the WYD and will have 6 designs of churches plus the logo of the Day.
"The coins will enter the market with a denomination of 20 balboas, a diameter of 38 millimeters and its presentation is a wooden case with a finish that is in harmony with the global importance of this event," said the Ministry.
He added that this "collection of coins has a purity of 99.99 percent silver, with a selective bath of 24 carat gold", and that each of the cases has the complete set of commemorative coins and will be available from December of this year with a cost of $ 1,000.