The ekwele or ekuele was the currency of Equatorial Guinea between 1975 and 1985. It was divided into 100 centimos. The name ekuele (plural the same) was used until 1980, whilst ekwele (plural bipkwele) was used after.
The ekuele replaced the peseta guineana at par. The ekwele was replaced by the CFA franc (written franco on Equatorial Guinean coins and banknotes) at a rate of 1 franco = 4 bipkwele. The countries using the CFA franc The CFA franc (in French: franc CFA, or just franc in everyday conversation if no ambiguity is possible) is a currency used in 12 formerly French-ruled African countries, as well as in Guinea-Bissau (former Portuguese colony) and in Equatorial Guinea (former Spanish...
The name ekuele (plural the same) was used until 1979, whilst ekwele (plural bipkwele) was used after.
The ekuele replaced the peseta guineana at par, whilst the ekwele was replaced by the CFA franc (written franco on Equatorial Guinean coins and banknotes) at a rate of 1 franco = 4 bipkwele.
In 1980 and 1981, coins of 1 ekwele, 5, 25 and 50 bipkwele were issued.
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