Catalog
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| Issuer | Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) |
|---|---|
| Year | 1992 |
| Type | Non-circulating coin |
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| Obverse description | The national arms of Benin are depicted centrally, featuring a quartered shield supported by two leopards rampant, with a sailing ship in the upper left quarter, a palm tree in the lower left, a star in the upper right, and a decorative motif in the lower right. A scroll below the shield bears the national motto in the exergue. The circular legend REPUBLIQUE DU BENIN arcs above, while the denomination 500 FRANCS CFA appears in the lower field. |
|---|---|
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| Obverse lettering | REPUBLIQUE DU BENIN FRATERNITE JUSTICE TRAVAIL 500 FRANCS CFA |
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| Additional information |
The BCEAO issued a wave of commemorative silver pieces in the early 1990s timed to international sporting events — a pattern common among West African franc zone members who had little native numismatic tradition but recognized the export market for such pieces. These were struck for collectors abroad, not for circulation in Senegal, Mali, or any of the seven other member states. Most examples reached the market through European dealers.
The 1994 FIFA World Cup, hosted jointly by the United States, drove a surge of licensed commemorative issues from dozens of issuing authorities with no direct connection to the tournament.