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| 正面描述 | Purple intaglio print on light orange and green underprint. A vignette of President Masie Nguema Biyogo Ñegue Ndong (Francisco Macías Nguema, 1924–1979) appears at right, flanked by cacao trees (Theobroma cacao) and a mountain lake in the background. Inscriptions name the issuing authority, place, date of issue, and denomination. |
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| 防伪类型 | Watermark |
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Equatorial Guinea issued this denomination in 1975, just three years after the country abandoned the CFA franc and introduced the ekuele — a currency closely tied to the political project of Francisco Macías Nguema, whose regime was by that point sliding into one of the most violent dictatorships in postcolonial African history. The name "Banco Popular" reflected Macías's ideological branding rather than any conventional central banking structure.
Thomas De La Rue handled the printing throughout this short-lived series. The ekuele itself was replaced by the bipkwele in 1975, the same year this note was dated, making the entire 25 ekuele issue effectively transitional.