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Money
Currency: CFA (Communauté Financiaire Africaine) Franc (CFAfr) = 100 centimes. Notes are in denominations of CFAfr10,000, 5000, 2500, 2000, 1000 and 500. Coins are in denominations of CFAfr250, 100, 50, 25, 10, 5 and 1. Togo 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.
Currency exchange: Foreign currencies can be exchanged at banks and bureaux de change in Lomé and other major cities. The main branch of the Togolese Central Bank in Lomé (BTCI) can give cash withdrawals against a Visa card.
Credit & debit cards: American Express is widely accepted, with more limited use of Diners Club, Visa and MasterCard. Check with your credit or debit card company for details of merchant acceptability and other facilities which may be available.
Travellers cheques: International travellers cheques are accepted in Lomé and other major cities.
Currency restrictions: The import of local currency is limited to CFAfr1 million, the export to CFAfr25,000. The import of foreign currency is limited to the equivalent of CFAfr1,000,000, which should be declared on arrival. The export of foreign currency is limited to the amount declared on entry.
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 0800-1600.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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