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50 Ekuele

Issuer Banco Popular
Year 1975
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Value 50 Ekuele
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Reverse lettering BANCO POPULAR
50
EMBARCADERO DE MADERA
UNIDAD PAZ JUSTICIA
CINCUENTA EKUELE
THOMAS DE LA RUE & COMPANY, LIMITED
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Protection type Watermark
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Comments

Equatorial Guinea's 1975 currency reform replaced the peseta guineana with the ekuele — a renaming exercise tied closely to the country's post-independence push to sever visible links to Spain. The Banco Popular was the sole issuing authority under Francisco Macías Nguema's government, a regime that by 1975 had already expelled most foreign nationals and dismantled the banking infrastructure inherited from colonial administration.

Thomas De La Rue handled the printing, a fairly routine assignment for them in Francophone and newly independent African states during this period. What makes this series historically pointed is the brevity of the ekuele's own lifespan — it was replaced by the ekpwele in 1979 following Macías Nguema's overthrow and execution.

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