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500 Francs CFA Leo
| Issuer | Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) |
|---|---|
| Year | 2017 |
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| Composition | Log in to see details |
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| Orientation | Medal alignment ↑↑ |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | REPUBLIQUE DU BENIN FRATERNITE JUSTICE TRAVAIL 500 FRANCS CFA |
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| Additional information |
The BCEAO issues collector pieces like this under a licensing arrangement that has drawn recurring criticism — the franc CFA itself remains pegged to the euro at a fixed rate set by France, with roughly 50% of member nations' foreign reserves held in an account at the French Treasury, a arrangement dating to 1945 that has fueled ongoing debate about fiscal independence across the eight-member West African monetary union.