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500 Francs CFA
| Issuer | Banque des États de l'Afrique Centrale (BEAC) |
|---|---|
| Year | 1985-1986 |
| Type | Log in to see details |
| Value | 500 Francs CFA |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
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| Reverse description | Log in to see details |
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| Reverse lettering | BANQUE DES ETATS DE L'AFRIQUE CENTRALE (Translation: Bank of Central African States) |
| Edge | Log in to see details |
| Mint | Log in to see details |
| Mintage | 1985 - - 200,000 1986 - - 500,000 |
| Additional information |
The BEAC's 500 francs CFA coinage of this period reflects the currency zone's structural dependence on the French Treasury, which guaranteed convertibility of the CFA franc at a fixed parity — a arrangement formalized after independence that critics increasingly characterized as a monetary leash rather than a safety net. The franc zone peg held through the 1980s despite severe commodity price shocks hammering the oil and timber economies of member states, including Cameroon, Gabon, and the Central African Republic.
A major devaluation came eventually in January 1994, cutting the CFA franc's value against the French franc by half — the first adjustment in 46 years.