PBOC issues commemorative coins for navigation system
Updated: 2013-01-30 17:02
The coins both feature a variety of decorative elements, including the national emblem, images of satellites and binary codes.
The PBOC will issue 30,000 gold coins with a face value of 150 yuan ($24.08) and 60,000 silver coins with a face value of 10 yuan.
The BDS was developed by the government in order to take a share of the GPS-dominated domestic navigation market. The first BDS satellite was launched in 2000.
The system went into official use on Dec 27, 2012 following a trial period that began in 2003.