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Money
Currency: CFA (Communauté Financiaire Africaine) 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.
Currency exchange: Gabon 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: Limited use of Visa, American Express and MasterCard. In general, the use of credit cards in Gabon remains relatively limited. Check with your credit or debit card company for merchant acceptability and other facilities which may be available.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros.
Currency restrictions: The import of local and foreign currency is unlimited, subject to declaration. The export of local and foreign currency is limited to CFAfr200,000.
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: Mon-Fri 0730-1130, 1430-1630.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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