500 Francs

The Banque des États de l'Afrique Centrale serves six CFA franc-zone countries simultaneously — Cameroon, Chad, the Central African Republic, the Republic of Congo, Equatorial Guinea, and Gabon — which is why BEAC notes carry a letter suffix indicating the issuing country. The "L" in P#401L designates Gabon, with Libreville as the responsible branch.

The rotating signature pairs across this run reflect real administrative turnover at the bank's Yaoundé headquarters during a period of structural adjustment pressure from the IMF following the 1994 CFA franc devaluation — a 50% drop against the French franc that reshaped purchasing power across the zone overnight.