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100 Ekuele

Issuer Banco Popular
Year 1975
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Composition Paper
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Obverse lettering REPUBLICA DE GUINEA ECUATORIAL BANCO POPULAR MALABO 7 DE JULIO DE 1975 CIEN EKUELE
(Translation: Republic of Equatorial Guinea People's Bank Malabo, 7th July, 1975 One Hundred Ekuele)
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Protection description Portrait watermark of President Macías Nguema Biyogo
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Equatorial Guinea's shift from the Spanish-aligned peseta system to the ekuele in 1975 was part of a broader break with Madrid following independence in 1968 — Francisco Macías Nguema's government was consolidating its currency identity even as the country descended into one of the most brutal dictatorships in African postcolonial history. Thomas De La Rue handled the printing, as they did for much of Francophone and newly independent Equatorial Guinea's early note production.

The ekuele itself had a short run. By 1985, Equatorial Guinea joined the CFA franc zone, rendering the entire series obsolete.