Guinea-Bissau Money

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
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