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500 Francs CFA Monetary Union
| Issuer | Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) |
|---|---|
| Year | 1972 |
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| Value | 500 Francs CFA |
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|---|---|
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| Obverse lettering | BANQUE CENTRALE DES ETATS DE L`AFRIQUE DE L`OUEST 1 NOVEMBRE 1962 1 NOVEMBRE 1972 RJ (Translation: Central Bank of [the] West African States 1st November 1962 1st November 1972) |
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| Edge | Reeded |
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| Additional information |
The BCEAO was established in 1962 as the central bank for the West African Monetary Union, itself a direct continuation of the franc des colonies françaises d'Afrique system France had maintained since 1945. This 1972 issue falls within the early period of the union's formal consolidation — Mauritania had just withdrawn in 1973, and Togo would join the reconstituted UEMOA years later. Silver commemorative issues from the BCEAO in this period were produced primarily for collector markets, not circulation, with actual day-to-day transactions conducted in the aluminum-bronze 500-franc pieces.