1000 Francs CFA Rhino family

Benin issues coins under the West African CFA franc system but holds no independent monetary authority — actual currency policy is governed by the BCEAO, the regional central bank headquartered in Dakar. Coins bearing the Benin name are effectively collector issues contracted through the BCEAO framework, typically produced by European mints for the numismatic export market rather than domestic circulation.

The CFA franc itself has been pegged to the euro since 1999, and before that to the French franc at a fixed rate since 1948 — a monetary arrangement that has outlasted more political upheaval in the region than most observers expected.