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1000 Francs CFA Elephant of Benin

Issuer Banque Centrale des États de l'Afrique de l'Ouest (BCEAO)
Year 2015
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Value 1000 Francs CFA
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Reverse script Latin
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Mintage 2015 - Prooflike - 5,000
Additional information

The BCEAO issues coinage on behalf of eight West African nations sharing the CFA franc, but these silver pieces are struck exclusively for the collector market — they have never circulated in Benin or anywhere else in the franc zone. The underlying currency itself is pegged to the euro at a fixed rate guaranteed by the French Treasury, an arrangement dating to 1945 that has outlasted decolonization by six decades and remains politically contested to this day.

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