New 5-yuan coins sell out fast

Local residents queued up at major banks since morning Monday to get their hands on 5-yuan commemorative coins issued by the People's Bank of China.

Local residents queued up at major banks since morning Monday to get their hands on 5-yuan commemorative coins issued by the People's Bank of China.

The PBOC issued 50 million 5-yuan brass coins nationwide Monday that has the Chinese character "Harmony" on the back. The coin costs 5 yuan and can be used as currency.

More than 60 residents had lined up at the gate of a Bank of Shanghai branch in downtown even before it opened. Most of them were middle-aged and elderly people. Some of them were holding children or carried folding chairs.