The Republic of Chad uses the Central African CFA Franc as its currency; it is the common currency of six independent states in central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. The CFA Franc has both common and national issues. All common circulating coins are issued under the authority of CEMAC ("Communauté Économique et Monétaire de l'Afrique Centrale" - Economic and Monetary Community of Central Africa) and have no issuing country. Separately, each member country can strike coins bearing its national symbols; these coins are legal tender in the other members of the bloc too.
Chad has authorised some foreign mints to strike coins under its issuing authority for collector's purposes, or as bullion. These are usually dedicated to historical or general popular culture themes not related to the country itself. Many of them are in standard bullion sizes, such as the internationally popular one troy ounce of gold format, such as this coin.
This design is the fifth release in the Mandala Wildlife series, and features the Buffalo.
The Mandala Wildlife series features 1 oz Gold and 1 oz Silver coins with unique designs of different animals, each with a beautiful mandala print. These coins have limited mintages, along with a changing design per release, adding to their collectibility.
The mighty buffalo is a symbol for confidence, power, and stability. The large creature is the only species of wild cattle that can be found in Africa, inhabiting sub-Saharan areas of Africa. The strength, iconic look, and intelligence makes the animal a great addition to the Republic of Chad Mandala Wildlife series. |