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1500 Francs CFA Euro Introduction
| Issuer | Benin (1975-date) |
|---|---|
| Year | 2002 |
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| Composition | Log in to see details |
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| Technique | Milled |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The central device depicts a stylized 1 EURO coin design superimposed over a map of Europe showing the eurozone nations, surrounded by a ring of twelve smaller coin designs representing the inaugural national euro coinage of each participating member state. Six-pointed stars are interspersed between the encircling coins. The upper legend reads INTRODUCTION DE L'EURO DANS L'ANNEE 2002, and the lower legend reads UNION DE LA MONNAIE EN EUROPE, both arcing around the periphery of the field. |
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| Additional information |
Benin issued this piece as part of a wave of commemorative gold struck across Francophone West Africa to mark the euro's introduction in January 2002 — an event that had no direct monetary effect on these nations, since the CFA franc's peg shifted from the French franc to the euro by fixed conversion rather than any policy change on their part. The timing was largely opportunistic, aimed at the collector market rather than any domestic monetary significance.