50 Francs Rhinoceros

Rwanda has no wild rhinoceros population and never has — the animal holds no particular national significance, geographic or cultural. This is a straightforward bullion and collector issue produced for the international numismatic market, a common revenue strategy among smaller nations whose mints license their sovereign authority to foreign coin producers. KM#37 was almost certainly struck by a European contract mint, most likely B.H. Mayer's Kunstprägeanstalt in Munich or a comparable German facility that handled the bulk of Rwanda's collector coinage during this period.