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Money
Currency: Comoros Franc (Cfr) = 100 centimes. Notes are in denominations of Cfr10,000, 5000, 2500, 1000 and 500. Coins are in denominations of Cfr20, 10, 5, 2 and 1, and 20 centimes. The Comoros Franc is part of the French Monetary Area and Euros are also commonly used. The Comoros Franc is tied to the Euro.
Currency exchange: Foreign currency may be exchanged in banks in the towns. Banking facilities are very limited on Mwali.
Credit & debit cards: There is limited acceptance of most international credit cards (mainly in upmarket hotels), but check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: The Banque Internationale des Comores (BIC) is the only bank which will change travellers cheques. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros.
Currency restrictions: There are no restrictions on the import and export of either local or foreign currency.
Exchange rate indicators
The following figures are included as a guide to the movements of the Comoros Franc against Sterling and the US Dollar:
| Date | Feb ’02 | May ’02 | Aug ’02 | Nov ’02 | | £1.00= | 809.11 | 780.01 | 772.21 | 775.87 | | $1.00= | 565.77 | 535.24 | 507.73 | 490.62 |
Banking hours: Mon-Thurs 0800-1400; Fri 0800-1100.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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