Equatorial Guinean ekwele

Former currency of Equatorial Guinea

The ekwele or ekuele was the currency of Equatorial Guinea between 1975 and 1985. Although nominally divided into 100 céntimos, no subdivisions were issued. The name ekuele was used until 1979, whilst ekwele was used after. The renaming of the currency to "ekwele" from "peseta" was motivated largely by a sweeping Africanization program meant to rid the country of its colonial past by removing Spanish names and references from the public domain; the ekpele was a pre-colonial iron currency used by the Fang and Beti people.

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