Money
Currency: CFA Franc (CFAfr) = 100 centimes. Notes are in denominations of CFAfr10,000, 5000, 2000, 1000 and 500. Coins are in denominations of CFAfr500, 100, 50, 25, 10 and 5. These notes are legal tender in the republics which formerly comprised French Equatorial Africa (Chad, Cameroon, Central French monetary area).
Currency exchange: Currency can be exchanged at banks in Bangui and Berbérati.
Credit & debit cards: Not generally accepted.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros. Even so, commission rates can be very high.
Currency restrictions: Import and export of local currency from Benin, Burkina Faso, Côte d’Ivoire, Mauritania, Niger, Senegal and Togo is unlimited; for all other countries the import and export of local currency is limited to CFAfr75,000. The import of foreign currency is unlimited. The export of foreign currency is limited to the amount imported and declared.
Exchange rate indicators
The following figures are included as a guide to the movements of the CFA Franc against Sterling and the US Dollar:
| Date | Feb ’02 | May ’02 | Aug ’02 | Nov ’02 | | £1.00= | 1069.41 | 1035.90 | 1025.70 | 1038.27 | | $1.00= | 747.79 | 710.84 | 674.41 | 656.55 |
Banking hours: Mon-Fri 0700-1130.
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