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500 Francs
| Issuer | Banque des États de l'Afrique Centrale |
|---|---|
| Year | 1993-2000 |
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| Size | 140 x 75 mm |
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| Obverse description | Dark brown and gray on multicolor underprint. A shepherd vignette appears at right with a herd of zebus at center, while a map of the Central African states is rendered at lower left center. |
|---|---|
| Obverse lettering | BANQUE DES ÉTATS DE L'AFRIQUE CENTRALE 500 CINQ CENTS FRANCS |
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| Comments |
The Banque des États de l'Afrique Centrale serves six CFA franc-zone countries simultaneously — Cameroon, Chad, the Central African Republic, the Republic of Congo, Equatorial Guinea, and Gabon — which is why BEAC notes carry a letter suffix indicating the issuing country. The "L" in P#401L designates Gabon, with Libreville as the responsible branch.
The rotating signature pairs across this run reflect real administrative turnover at the bank's Yaoundé headquarters during a period of structural adjustment pressure from the IMF following the 1994 CFA franc devaluation — a 50% drop against the French franc that reshaped purchasing power across the zone overnight.