250 Francs CFA Eland

Senegal issues coinage under the West African CFA franc system administered by the BCEAO, a monetary union spanning eight countries whose common currency has been pegged to the French franc — and since 1999, the euro — at a fixed rate. These small-format gold pieces are produced for the collector market rather than circulation, minted under private contract arrangements common among West African CFA member states seeking numismatic revenue.