FREE: THREE BLOCKS OF STAMPS FROM ECUATORIAL GUINEA

The listing, THREE BLOCKS OF STAMPS FROM ECUATORIAL GUINEA has ended.

The country gained independence in
1968 after 190 years of Spanish rule.
President OBIANG NGUEMA MBASOGO
has ruled the country for over two
decades since seizing power from
his uncle, then President MACIAS, in a
1979 coup. Although nominally a
constitutional democracy since 1991,
the 1996 and 2002 presidential
elections - as well as the 1999 and
2004 legislative elections - were
widely seen as flawed. The president
exerts almost total control over the
political system and has discouraged
political opposition.
Equatorial Guinea has also
experienced rapid economic growth
due to the discovery of large
offshore oil reserves, and in the last
decade has become Sub-Saharan
Africa's third largest oil exporter.
Despite rapid growth in real GDP,
there is strong evidence of
government misappropriation of oil
revenues, in particular, for lavish
personal expenditures. Furthermore,
the failure of the government to
inject oil revenues into the country's
economy, especially to fund much-
needed improvements in the
country's infrastructure, has meant
little improvement in the economic
and social welfare of most
Equatoguineans.
IT's a fun to have these two nice blocks of stamps in your collection. Very fine and good condition.
If shipment is free - I send with
ordinary mail, overseas with priority
- I cant take any responsibility for
lost mail!
--FOR DELIVERY BY REGD.POST WITH TRACKING YOU HAVE TO PAY 2 US Dollar or eqivallant by paypal . OTHERWISE it's totally free by regular AIR MAIL POST.