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10 Francs Leopard

Issuer Banki Nkuru y'u Rwanda (National Bank of Rwanda)
Year 2017
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Value 10 Francs
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Obverse script Latin
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Reverse lettering AFRICAN PRIDE AP 2017 1/2 G .9999 FINEST GOLD
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Additional information

Rwanda's "Leopard" bullion series occupies an odd niche: a landlocked country with no historical gold-mining tradition issuing fractional bullion under a central bank mandate that dates only to 2008 reforms following the post-genocide reconstruction of the financial system. These pieces are struck by foreign mints on contract — Rwanda itself has no coining facility — and the series exists primarily as a vehicle for fractional gold investment in markets where Swiss or South African product dominates at larger weights.

KM#164 is among the smallest denominations in the run, at a size where handling losses during assay can measurably affect fine weight recovery.

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