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1000 Francos CFA Giraffe

Issuer Equatorial Guinea
Year 2023
Type Non-circulating coin
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Obverse script Latin
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Edge Reeded
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Additional information

Equatorial Guinea is a CFA franc zone member despite having no geographic connection to the West or Central African monetary unions — it joined the Central African CFA bloc in 1985 after abandoning the ekwele following catastrophic economic mismanagement under Francisco Macías Nguema's dictatorship. That monetary history gives these "1000 Francos CFA" issues a peculiar legitimacy gap: the denomination mirrors regional currency, but Equatorial Guinea's coins in this series are minted for the collector market and have never circulated domestically.

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