Notes Of The Central African Franc, The Craftsman: 500 Francs (Republic of Congo, 1990)-Reference
This large Central African Republic banknote represents the 1st denomination of the Central African CFA Franc (Series 1985). The beautifully illustrated observe features a Ndop figurine and vase. The reverse depicts a Banda craftsman with his wares. Notably the banknotes of Series 1985 have been demonetized, replaced by the now obsolete Series 1993. (Note Size: 150 x 76 mm or 5.91 x 2.99 in)
The CFA is a French institution which provides monetary services for France's former African colonies, via the French treasury.
The CFA manages 2 distinct, although interchangeable currencies the Central African and West African Francs.
The CFA Franc's ISO Codes are XAF (Central) and XOF (West).
The West African CFA Franc is the currency of 6 nations: Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon, and Republic of the Congo.
Central African Francs feature a letter to designate member state: Republic of the Congo (C), Cameroon (E), Central African Republic (F), Gabon (L), Equatorial Guinea (N), and Chad (P).
This note was issued by CFA member Equatorial Guinea, designated by the observe's letter N.
In 2002, the Central African Franc was re-designated: Gabon (A), Chad (C), Equatorial Guinea (F), Central African Republic (M), Central African Republic (T), and Cameroon (U).
The current CFA Franc is pegged to the Euro,1 € = 6.559 CFA francs.