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500 Francs CFA Euro Introduction
| Issuer | Benin (1975-date) |
|---|---|
| Year | 2002 |
| Type | Non-circulating coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | REPUBLIQUE DU BENIN 500 FRANCS CFA |
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| Reverse lettering | INTRODUCTION DE L'EURO DANS L'ANNEE 2002 1 EURO UNION DE LA MONNAIE EN EUROPE |
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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.