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25 Ekuele

Issuer Banco Popular
Year 1975
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Value 25 Ekuele (25 GQE)
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Obverse lettering REPUBLICA DE GUINEA ECUATORIAL BANCO POPULAR MALABO 7 DE JULIO DE 1975 VEINTICINCO EKUELE
(Translation: Republic of Equatorial Guinea People's Bank Malabo, 7th July 1975 Twenty-Five Ekuele)
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Reverse lettering BANCO POPULAR VEINTICINCO EKUELE
(Translation: People's Bank Twenty-Five Ekuele)
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Comments

Equatorial Guinea issued this denomination in 1975, just three years after the country abandoned the CFA franc and introduced the ekuele — a currency closely tied to the political project of Francisco Macías Nguema, whose regime was by that point sliding into one of the most violent dictatorships in postcolonial African history. The name "Banco Popular" reflected Macías's ideological branding rather than any conventional central banking structure.

Thomas De La Rue handled the printing throughout this short-lived series. The ekuele itself was replaced by the bipkwele in 1975, the same year this note was dated, making the entire 25 ekuele issue effectively transitional.

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