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500 Francs CFA Euro Introduction
| Issuer | Benin (1975-date) |
|---|---|
| Year | 2002 |
| Type | Non-circulating coin |
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|---|---|
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| Obverse lettering | REPUBLIQUE DU BENIN 500 FRANCS CFA |
| Reverse description | The central motif depicts a large stylised 1 EURO coin design, showing the numeral '1' alongside the word EURO and a partial map of Europe with stars, rendered in high relief. Surrounding the central design is a ring of twelve miniature coin motifs representing the obverse and reverse designs of the inaugural euro coins from each of the twelve eurozone member states. The upper legend INTRODUCTION DE L'EURO DANS L'ANNEE 2002 curves along the outer periphery, with UNION DE LA MONNAIE EN EUROPE inscribed along the lower border, both separated by small raised dots. |
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| Additional information |
Benin issued this coin to mark the euro's physical introduction in January 2002 — a monetary event that had no direct bearing on Benin itself, which uses the West African CFA franc pegged to the euro through the French Treasury guarantee. The piece is a commemorative in the strictest sense: issued for collector export, not domestic circulation.
CFA franc states have long produced silver and gold issues through the Paris-based Monnaie de Paris and affiliated minting agents, targeting the European collector market almost exclusively.