Country Guides
Guinea-Bissau
Money
Money
Guinea-Bissau
Currency
CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,500, 1,000 and 500. Coins are in denominations of XOF250, 100, 50, 25, 10 and 5.
Guinea-Bissau is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is valid; currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is not. The CFA Franc is tied to the Euro.
Currency Exchange
US currency in small denominations is the most useful for exchange. Inter-bank fund transfers are frequently difficult and time-consuming to accomplish.
Credit/Debit Cards and ATMs
Accepted in the capital, but very limited use outside of Bissau.
Traveller's Cheques
These are rarely accepted. They can sometimes be cashed at banks. There is a fixed rate of commission on all transactions.
Currency Restrictions
Restrictions apply.
Banking Hours
Mon-Fri 0730-1430.
Exchange Rate Indicators
Date
Apr 09
£1.00=
XOF723.69
$1.00=
XOF491.21
€1.00=
XOF655.96
Currency
CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,500, 1,000 and 500. Coins are in denominations of XOF250, 100, 50, 25, 10 and 5.
Guinea-Bissau is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is valid; currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is not. The CFA Franc is tied to the Euro.
Guinea-Bissau is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is valid; currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is not. The CFA Franc is tied to the Euro.
Currency Exchange
US currency in small denominations is the most useful for exchange. Inter-bank fund transfers are frequently difficult and time-consuming to accomplish.
Credit/Debit Cards and ATMs
Accepted in the capital, but very limited use outside of Bissau.
Traveller's Cheques
These are rarely accepted. They can sometimes be cashed at banks. There is a fixed rate of commission on all transactions.
Currency Restrictions
Restrictions apply.
Banking Hours
Mon-Fri 0730-1430.
Exchange Rate Indicators
| Date | Apr 09 |
| £1.00= | XOF723.69 |
| $1.00= | XOF491.21 |
| €1.00= | XOF655.96 |
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