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Money
Currency: CFA (Communauté Financiaire Africaine) Franc (CFAfr) = 100 centimes. Notes are in denominations of CFAfr10,000, 5000, 2500, 1000 and 500. Coins are in denominations of CFAfr250, 100, 50, 25, 10, 5 and 1. Senegal 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.
Credit & debit cards: American Express is the most widely accepted, although MasterCard, Diners Club and Visa 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: Travellers cheques are easy to cash in Dakar. To avoid additional exchange rate charges, travellers are advised to take them in Euros.
Currency restrictions: Import of local currency is unlimited; import of foreign currency is unlimited but subject to declaration. Export of local currency is restricted to CFAfr20,000. Export of foreign currency is limited to CFAfr50,000; for amounts exceeding this, the declaration issued on arrival must be presented.
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 0800-1100 and 1430-1600.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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