500 Francs Persian

Rwanda's National Bank has issued a long-running series of silver collector pieces under the "Persian" designation, aimed squarely at the international numismatic market rather than domestic circulation. These were never intended to pass through Rwandan hands as currency.

KM#86 is part of a broader export-oriented program that became a meaningful hard-currency earner for a country still rebuilding its financial institutions nearly two decades after the 1994 genocide.