Catalog
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| Issuer | Banco Popular |
|---|---|
| Year | 1975 |
| Type | Standard circulation banknote |
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| Obverse description | Green on pink and multicolour underprint. Portrait of President Francisco Macías Nguema Biyogo at right, with the national Coat of Arms at centre. Dated 7 de Julio de 1975, with issuer and denomination inscriptions arranged across the face. |
|---|---|
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| Reverse description | Green on pink and multicolour underprint. Central vignette of the Macías Nguema Biyogo Port, with a bridge and boats rendered in an intaglio-style vignette. Denomination and bank name inscriptions appear in the lower portion of the design. |
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| Comments |
Equatorial Guinea's shift from the Spanish-aligned peseta system to the ekuele in 1975 was part of a broader break with Madrid following independence in 1968 — Francisco Macías Nguema's government was consolidating its currency identity even as the country descended into one of the most brutal dictatorships in African postcolonial history. Thomas De La Rue handled the printing, as they did for much of Francophone and newly independent Equatorial Guinea's early note production.
The ekuele itself had a short run. By 1985, Equatorial Guinea joined the CFA franc zone, rendering the entire series obsolete.