The BEAC 500 Francs was issued for the six member states of the Central African Economic and Monetary Community — Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon — a currency union whose shared franc zone arrangement dates to the post-independence agreements with France in the early 1960s. Equatorial Guinea, notably, only joined the CFA franc zone in 1985 after abandoning the ekwele, making this series among the first coinage to circulate there under the BEAC umbrella.
The BEAC 500 Francs was issued for the six member states of the Central African Economic and Monetary Community — Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon — a currency union whose shared franc zone arrangement dates to the post-independence agreements with France in the early 1960s. Equatorial Guinea, notably, only joined the CFA franc zone in 1985 after abandoning the ekwele, making this series among the first coinage to circulate there under the BEAC umbrella.