New Kyrgyzstan coin Eurasian Economic Union

New Kyrgyzstan coin Eurasian Economic Union

On November 2, 2015 the National Bank of the Kyrgyz Republic issued into circulation the collection coin "Eurasian Economic Union", is issued within the framework of issuance of commemorative coins, devoted to the anniversary of the Eurasian Economic Union functioning, by the central (national) banks of the Eurasian Economic Union (EEU) member states.  

The Eurasian Economic Union (EAEU or EEU) is an economic union of states located primarily in northern Eurasia. A treaty aiming for the establishment of the EEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015. Treaties aiming for Armenia's and Kyrgyzstan's accession to the Eurasian Economic Union were signed on 9 October 2014 and 23 December, respectively. Armenia's accession treaty came into force on 2 January 2015. Kyrgyzstan's accession treaty came into effect on 6 August 2015. It participated in the EEU from the day of its establishment as an acceding state.

The Eurasian Economic Union has an integrated single market of 183 million people and a gross domestic product of over 4 trillion U.S. dollars (PPP). The EEU introduces the free movement of goods, capital, services and people and provides for common transport, agriculture and energy policies, with provisions for a single currency and greater integration in the future. The union operates through supranational and intergovernmental institutions. The Supreme Eurasian Economic Council is the "Supreme Body" of the Union, consisting of the Heads of the Member States. The other supranational institutions are the Eurasian Commission (the executive body), the Eurasian Intergovernmental Council and the Court of the EEU (the judicial body).

The collection coin is internationally rated as the proof coin and is minted from sterling silver. The coins have the status of the legal tender on the territory of the Kyrgyz Republic.  

The official emblem of the EEU and a common name of a coin "Eurasian Economic Union" are the main elements for the series of commemorative collection coins issued by the central (national) banks in the EEU member states.  

The coat of arms of the Kyrgyz Republic on textured background of the globe, which is the unifying element of the design, is represented on the foreground of the averse of the coin. The inscription "Кыргыз Республикасынын Улуттук банкы" ("National Bank of the Kyrgyz Republic") and year of coin issue (2015) are in the upper part of the coin, the denomination of the coin (10 Som) is at the bottom of the coin. On the left side of the coin there is the alloy of the coin (Ag 925), the weight of the coin (31.10 g) is on the right side.  

The main subject of the reverse of the coin is the integration of Eurasian States: the official emblem of the EEU on the background of the Eurasian continent located inside the globe and flags of five EEU member states made in color images. At the top of the coin there is the inscription "Евразийский экономический союз" ("Eurasian Economic Union"), at the bottom there is the inscription "Евразия экономикалык союзу" ("Eurasian Economic Union"). 

Source of information: National bank of the Kyrgyz Republic www.nbkr.kg