ACESSE SUA CONTA   |   facebook

Cadastre-se   //   Vantagens   //   Esqueci minha senha

Equatorial Guinea







Here is a comprehensive financial historical report of Equatorial Guinea, in International English, including all currencies that have circulated since the beginning of its monetary history, clearly highlighting the current official currency:


Financial Historical Report of Equatorial Guinea

Basic Data

  • Country ISO Code: GQ

  • Official Languages: Spanish, French, and Portuguese

  • Primary Language ISO Code: es

  • Current Official Currency: CFA franc (CEMAC)

  • Current Currency ISO Code: XAF


Currencies That Have Circulated in Equatorial Guinea

1. Pre-colonial and Early Monetary Systems

  • Before colonization, trade was based on barter and exchange of goods.

  • No formal currency was established.

2. French Franc and French Equatorial Africa Franc (until 1958)

  • During the French colonial period, the French franc and later the French Equatorial Africa franc circulated.

  • ISO Code: FRF (historical)

  • Subdivision: 1 franc = 100 centimes

  • Issued by French institutions until 1958.

3. CFA Franc of CEMAC (since 1958)

  • Established in 1958, the CFA franc has been the official currency of Equatorial Guinea since independence.

  • ISO Code: XAF

  • Singular Name: franc

  • Plural Name: francs

  • Subdivision: 1 franc = 100 centimes

  • Issuing Bank: Bank of Central African States (BEAC)

  • Coins in circulation: 1, 5, 10, 25, 50, 100 francs

  • Banknotes in circulation: 500, 1000, 2000, 5000, 10,000 francs

  • Designs: cultural motifs and landscapes of Central Africa.

  • Status: official and actively circulating currency.


Historical and Economic Context

  • Equatorial Guinea is a member of the Economic and Monetary Community of Central Africa (CEMAC), which uses the CFA franc.

  • The CFA franc is pegged to the euro at a fixed rate of 655.957 CFA francs per 1 euro, providing monetary stability.

  • BEAC is responsible for issuing and regulating currency in the region.

  • The economy of Equatorial Guinea is based on oil production, agriculture, and regional trade.


Banknote Signatories

  • Banknotes bear the signatures of the Governor of BEAC and the Finance Minister of member countries.


People and Symbols on Coins and Banknotes

  • Coins and banknotes depict cultural, historical, and natural symbols of Central Africa, without highlighting specific political figures.


Additional Information and Curiosities

  • The CFA franc is subject to debates regarding monetary sovereignty but is valued for its stability.

  • BEAC issues commemorative coins and banknotes for regional events.

  • Equatorial Guinea actively participates in regional economic cooperation through CEMAC.


This report provides a comprehensive overview of the monetary evolution of Equatorial Guinea, from colonial French currencies to the current CFA franc, a stable and common currency within the Economic and Monetary Community of Central Africa.



Fonte:

Autor do blog: Nilton Romani

Voltar
Compartilhar
Facebook Twitter YouTube Feed de notícias
Coleções de Cédulas e Moedas Brasileiras © 2014. Todos os direitos reservados.