The Bank of Central African States issues CFA franc coinage on behalf of six member nations — Cameroon, Central African Republic, Chad, Gabon, Equatorial Guinea, and the Republic of the Congo — whose shared currency has been pegged to the euro at 655.957 francs since 1999, itself inherited from the franc français peg established at independence. A 1,041-gram copper piece denominated at 1,000 francs has a face value of roughly €1.50.
These oversized issues are produced for the collector market, not circulation.
The Bank of Central African States issues CFA franc coinage on behalf of six member nations — Cameroon, Central African Republic, Chad, Gabon, Equatorial Guinea, and the Republic of the Congo — whose shared currency has been pegged to the euro at 655.957 francs since 1999, itself inherited from the franc français peg established at independence. A 1,041-gram copper piece denominated at 1,000 francs has a face value of roughly €1.50.
These oversized issues are produced for the collector market, not circulation.