Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


Fairtrade International is delighted by the launch of a new collector coin by Fairtrade Lëtzebuerg which was commissioned by the Banque central de Luxembourg to celebrate the 175th anniversary of Luxembourg’s independence.

The move amounts to 2,500 gold coins and represents the single biggest purchase of Fairtrade gold. The coins carry both the Fairtrade and the Fairmined labels.

To make the coins, smallscale artisanal miners from Aurelsa and Sotrami in Peru had to produce a significant 15 kilos of gold certified on Fairtrade terms. As well as the fair price the miners were paid, the organisations received a development premium of €34,000 that will be used for carrying out social projects.

Piece-Or-BCL_AnneBackendorfMaria Rosa Reyes, manager of the Aurelsa organisation said: “Today is a big day for the Aurelsa mining community, small-scale mining and my country, Peru. After so many efforts to obtain the certification for our mine, we finally see our gold and our responsible extraction process recognized by the Bangue central du Luxembourg. We hereby prove that mines can produce responsibly and we hope that those coins inspire millions of miners to follow our example.”

Fairtrade gold was first introduced to the Luxembourg market in 2012 with seven participating jewellers. Fairtrade gold is also available in other Fairtrade markets including Australia, Belgium, Canada, Denmark, Netherlands, Norway, South Korea, Sweden and the UK, with other markets soon to follow including the USA and Switzerland.

Harriet Lamb, Chief Executive of Fairtrade International said: “We congratulate the Banque central du Luxembourg on the largest single purchase of Fairtrade gold. This collector coin is more than a symbol of independence – it is supporting the miners and communities of Peru to gain independence from poverty.

“We urge banks and companies to follow their pioneering example so that more artisanal and smallscale miners can have a fair price, safer working conditions and much-needed investment into their communities.”