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500 Francs

Issuer Banque des États de l'Afrique Centrale
Year 2002
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Size 130 x 70 mm
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Obverse description Central vignette of a classroom scene with four students gathered before a chalkboard; a student in a yellow shirt stands at right facing left. Guilloche underprint in multicolour with issuer's title across the upper margin.
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Variants P#506Fa - Signatures Mamalepot and Aleka-Rybert
P#506Fb - Signatures Andzembe and Aleka-Rybert
P#506Fc - Signatures Abaga-Nchama and Aleka-Rybert
Comments

The BEAC 500 Franc note of this series circulated across six member states simultaneously — Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon — each issue distinguished by a letter prefix in the serial number identifying the country of destination. The 2002 date places this squarely in the period following Equatorial Guinea's explosive oil revenue growth, which paradoxically increased demand for small-denomination notes as informal market activity expanded faster than banking infrastructure.

Three signature combinations are documented for this type, reflecting successive changes in BEAC governorship during a period of internal administrative transition rather than any monetary policy shift.