Equatorial
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Clique para ouvir o texto completoHere 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
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Country ISO Code: GQ
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Official Languages: Spanish, French, and Portuguese
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Primary Language ISO Code: es
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Current Official Currency: CFA franc (CEMAC)
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Current Currency ISO Code: XAF
Currencies That Have Circulated in Equatorial Guinea
1. Pre-colonial and Early Monetary Systems
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Before colonization, trade was based on barter and exchange of goods.
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No formal currency was established.
2. French Franc and French Equatorial Africa Franc (until 1958)
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During the French colonial period, the French franc and later the French Equatorial Africa franc circulated.
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ISO Code: FRF (historical)
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Subdivision: 1 franc = 100 centimes
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Issued by French institutions until 1958.
3. CFA Franc of CEMAC (since 1958)
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Established in 1958, the CFA franc has been the official currency of Equatorial Guinea since independence.
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ISO Code: XAF
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Singular Name: franc
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Plural Name: francs
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Subdivision: 1 franc = 100 centimes
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Issuing Bank: Bank of Central African States (BEAC)
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Coins in circulation: 1, 5, 10, 25, 50, 100 francs
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Banknotes in circulation: 500, 1000, 2000, 5000, 10,000 francs
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Designs: cultural motifs and landscapes of Central Africa.
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Status: official and actively circulating currency.
Historical and Economic Context
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Equatorial Guinea is a member of the Economic and Monetary Community of Central Africa (CEMAC), which uses the CFA franc.
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The CFA franc is pegged to the euro at a fixed rate of 655.957 CFA francs per 1 euro, providing monetary stability.
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BEAC is responsible for issuing and regulating currency in the region.
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The economy of Equatorial Guinea is based on oil production, agriculture, and regional trade.
Banknote Signatories
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Banknotes bear the signatures of the Governor of BEAC and the Finance Minister of member countries.
People and Symbols on Coins and Banknotes
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Coins and banknotes depict cultural, historical, and natural symbols of Central Africa, without highlighting specific political figures.
Additional Information and Curiosities
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The CFA franc is subject to debates regarding monetary sovereignty but is valued for its stability.
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BEAC issues commemorative coins and banknotes for regional events.
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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.
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