Catalog
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| Issuer | Banco Central de Malabo |
|---|---|
| Year | 1978 |
| Type | Coin pattern |
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| Obverse description | Central view of the Banco Central de Malabo building rendered in fine relief, depicting a modern multi-storey structure with a grid-patterned facade and a low podium base. The circular legend REPUBLICA DE GUINEA ECUATORIAL runs along the upper periphery, with BANCO CENTRAL DE MALABO inscribed in two lines in the lower central field. The denomination 1.000 EKUELE is prominently displayed beneath the building, flanked by the weight specification 21,43g. and the fineness mark 0,925AR. The field surrounding the building is mirror-polished, consistent with piéfort proof production. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Masie Nguema Biyogo — born Francisco Macías Nguema — ruled Equatorial Guinea with a brutality that drew comparisons to Pol Pot. By 1978, when this piéfort was struck, he had already executed or driven into exile an estimated one-third of the country's population, abolished the concept of retirement, and declared himself God. The economy had effectively ceased to function. A commemorative coin issue from this period is less a monetary artifact than a bureaucratic hallucination — the state minting prestige pieces while the cocoa plantations stood empty and the national bank held almost nothing.
Piéforts of this issue were struck for collector distribution outside Equatorial Guinea. Nguema was deposed and executed by firing squad the following year.