100 Francs CFA Rhinoceros

Benin has no rhinoceros population and never has — the animal is native to sub-Saharan and southern Africa, far outside Beninese territory. Issues like this one are produced explicitly for the collector market, minted under licensing arrangements that allow small nations to generate revenue by attaching their sovereign authority to subjects with broad commercial appeal. The Republic of Benin has been particularly active in this space since the early 2010s, issuing large-format novelty pieces through European distribution intermediaries.