Country Guides
Benin
Money

Money

Benin

Currency

CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,000 and 1,000. Coins are in denominations of XOF500, 200, 100, 50, 25, 10, 5 and 1. Benin 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

Currency can be exchanged at banks and in major hotels.

Credit/Debit Cards and ATMs

American Express, Diners Club, MasterCard and Visa are accepted on a limited basis. Some banks may advance cash or visa cards.

Traveller's Cheques

To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros or Pounds Sterling.

Currency Restrictions

Restrictions apply.

Banking Hours

Mon-Fri 0800-1100 and 1500-1700. Some banks may open on Saturday.

Exchange Rate Indicators

Date Apr 09
£1.00= XOF723.69
$1.00= XOF491.21
€1.00= XOF655.96

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