World Youth Day will be held in Sydney from July 15 to July 20 and will mark the first visit to Australia of Pope Benedict XVI.
The Catholic Church's gathering of young people, the biggest event in Sydney since the Olympics, is expected to attract 500,000 pilgrims from Australia and overseas.
The coins and stamps were presented to the Catholic Archbishop of Sydney Cardinal George Pell at a ceremony at St Mary's Cathedral on Monday.
The limited mintage coins depict the Pope, the WYD08 logo and the inscription World Youth Day Sydney 2008 on the reverse.
The stamps, including one domestic stamp and two international stamps, also use imagery of the Pope.
Perth Mint chief executive officer Ed Harbuz said World Youth Day was a momentous occasion.
"We hope that our range of commemorative coins will help to keep the memory alive for years to come," Mr Harbuz said.
The stamps will be in circulation from today at Australia Post outlets.
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