Just a few coins

Mali 5 Francs 1961
The 1961 5 Francs of Mali.

Upon independence from France on 22nd September 1960, Mali wanted to end all ties with France. For this reason Mali’s currency ceased to use the Franc CFA which was, and still is, linked to the French Franc. Mali issued a short series of just three Aluminium coins in 1961 of 5, 10 and 25 Francs. These first circulation coins showed the denominations as being in “Francs Maliens” , no doubt this was to emphasise the fact that these were not the French backed Francs still used by many of Mali’s neighbours. Mali also issued a number of non-circulating coins of Silver and Gold, in the 1960’s, all commemorating the occasion of Mali’s Independence. Then for the 1970’s there were a few more circulation coins of new types, all made in Paris. These were 10 Francs 1976, 25 Francs 1976, 50 Francs 1975 & 1977 and 100 Francs 1975. The circulation coins of Mali are not too easy to find, the Silver and Gold are at least scarce.

Mali’s 50 Franc coin of 1977 could be the last ever circulation issue for Mali since the country joined the CFA (West) zone 1st June 1984. So from then on the currency used in Mali has been this common currency - the “CFA Franc (West)”.

The “CFA Franc (West)” is the common currency of Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. These eight countries form the West African Economic and Monetary Union (WAEMU), whose common central bank is the Central Bank of West African States (BCEAO). The coins circulating in these countries are issued by the BCEAO are are inscribed in French “BANQUE CENTRALE DES ETATS DE L’AFRIQUE DE L’OUEST”. The catologues list these coins under “West African States” for which there is a separate section here too.


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