Banknotes of Gabon

The official currency of Gabon is the Central African CFA franc (XAF), issued by the Bank of Central African States (BEAC). Paper money was first introduced in Gabon in 1959, coinciding with its transition to self-rule. A notable event in its currency history is the 1993 redenomination, where new banknotes were introduced to replace older denominations at a rate of 1:100. Collectors find Gabon's banknotes appealing due to their vibrant colors and intricate designs, which often include depictions of local wildlife and traditional motifs. One specific series that stands out is the 2002 issue, featuring a detailed portrayal of the African gray parrot, a species native to the region, reflecting Gabon's diverse biodiversity.