Equatorial Guinea has used the CFA franc as legal tender since joining the Central African Economic and Monetary Community in 1985, despite having no historical connection to French colonial currency systems — the country was a Spanish colony until 1968. These gold issues are struck for the international bullion and collector market rather than domestic circulation, produced under contract by foreign mints and carrying face values that bear no relationship to their actual metal content.
Equatorial Guinea has used the CFA franc as legal tender since joining the Central African Economic and Monetary Community in 1985, despite having no historical connection to French colonial currency systems — the country was a Spanish colony until 1968. These gold issues are struck for the international bullion and collector market rather than domestic circulation, produced under contract by foreign mints and carrying face values that bear no relationship to their actual metal content.