Equatorial Guinean ekwele

1 USD = 297.124 GQE

The Ekwele (plural Bipkwele, ISO 4217 code GQE ) is a historical monetary unit of Equatorial Guinea.

On 7 July 1975, the Ekwele replaced the peseta Equatorial Guinea in a 1:1 ratio, the current exchange rate parity for the Spanish Peseta was canceled. With the introduction of the new currency unit, the notation has been chosen ekuele (plural as well ekuele ), which was amended in 1979 Ekwele. There are coins of 1, 5 and 10 ekuele, and notes 25, 50, 100, 500 and 1000 ekuele with the image of President Francisco Macías Nguema on the front and various typical scenes on the backs.

After the fall Nguemas new notes were issued without his portrait. You are on the August 3, 1979 dated ( day of the revolution ) and enter the changed currency denomination Ekwele. The series consisted of the values ​​100, 500, 1000 and 5000 Bipkwele. 1980 was followed by a new coin series 1, 5, 25 and 50 Bipkwele. In addition, 1980 old 100 and 500 Peseta banknotes were changed by the stamp imprint in 1000 and 5000 Bipkwele banknotes on October 21.

On 1 January 1985 Equatorial Guinea became the first country that is not part of the former French colonial empire, the CFA franc a. The exchange rate was 1 CFA franc to 4 Bipkwele.