250 000 Francs CFA Bull and Bear

Chad is a member of the CEMAC monetary zone, where the CFA franc is administered by the Beac (Banque des États de l'Afrique Centrale) — an institution with no mandate whatsoever for bullion coinage. Issues like this one are produced under licensing arrangements with private mints, typically European, that pay a fee to sovereign issuers for the legal-tender designation. The face value is purely nominal; at any CFA exchange rate, 250,000 francs represents a fraction of the gold's spot value.

The 15.55 g fine gold weight is a half-troy-ounce specification, the most commercially liquid increment in the modern bullion market.