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5000 Bipkwele Overprint on P#2
| Issuer | Banco de Guinea Ecuatorial |
|---|---|
| Year | 1980 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPUBLICA DE GUINEA ECUATORIAL EL BANCO CENTRAL PAGARÁ AL PORTADOR QUINIENTAS PESETAS GUINEANAS SANTA ISABEL, 12 DE OCTUBRE DE 1969 BANCO DE GUINEA ECUATORIAL HABILITADO PARA CINCO MIL BIPKWELE MALABO, 21 OCTUBRE 1980 (Translation: Republic of Equatorial Guinea The Central Bank pay to bearer Five Hundred Pesetas Guineanas Santa Isabel, October 12, 1969 Bank of Equatorial Guinea Valid for Five Thousand Bipkwele Malabo, October 21, 1980) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL UNIDAD PAZ JUSTICIA QUINIENTAS PESETAS GUINEANAS (Translation: Central Bank Unity Peace Justice Five Hundred Pesetas Guineanas) |
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| Comments |
Equatorial Guinea's monetary history in this period is unusually tangled. The country had abandoned the Ekwele in favor of the CFA Franc in 1985, but this 1980 overprint predates that shift — it reflects an earlier, more immediate problem: the catastrophic economic collapse under Francisco Macías Nguema, whose eleven-year dictatorship left the central bank functionally insolvent. Overprinting existing stock was a fiscal stopgap, not a planned issuance.
The Fábrica Nacional de Moneda y Timbre handled the overprint work, as they did for the base Bipkwele series. Survivor notes in any condition are scarce — production runs for Equatorial Guinea in this period were small, and institutional record-keeping was poor.