Dubai Multi Commodities Centre Authority (DMCC) has unveiled the prototype of the first gold bullion coin in the UAE, and rumors are it will be used as legal tender.Designed by DMCC, the “Khalifa” coin features a portrait of UAE President HH Sheikh Khalifa Bin Zayed Al Nahyan on one side, and on the other, Burj Khalifa, the world’s tallest tower.
“This innovative gold bullion coin was conceived to satisfy the demands from investors seeking access to gold as protection against the ongoing global economic uncertainty. The gold bullion coin pays homage to our President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, his vision, guidance and leadership.
“The Burj Khalifa is a symbol of the UAE as a progressive, innovative nation that whilst rich in heritage and traditions continually works to build a modern developed society. In this way the gold bullion coin stands as a national emblem which reflects the determination and achievements of the UAE federation, said Ahmed Bin Sulayem, Executive Chairman of DMCC.