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Money
Currency: CFA Franc (CFAfr) = 100 centimes. Notes are in denominations of CFAfr10,000, 5000, 2000, 1000 and 500. Coins are in denominations of CFAfr250, 100, 50, 25, 10, 5 and 1. Congo is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is valid; currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is not. The CFA Franc is tied to the Euro.
Credit & debit cards: MasterCard and Diners Club all have limited use. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros or Pounds Sterling.
Currency restrictions: The import and export of local currency is prohibited, except between countries of the Central African group. The import of foreign currency is unrestricted although amounts over £234/US$335 must be declared upon arrival. Export of foreign currency is restricted to the amount imported.
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 | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 1035.90 | 1025.70 | 1038.27 | 966.15 | | $1.00= | 710.84 | 674.41 | 656.55 | 606.78 |
Banking hours: 0620-1300 Monday to Friday (counters close at 1130).
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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