Money & duty free for Benin
Exchange rates:
CFA FrancC$1 = XOF655.96
€1 = XOF655.96
£1 = XOF655.96
US$1 = XOF655.96
Euro
C$1 = €0.72
£1 = €1.19
US$1 = €0.96
Currency & Money
CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,000 and 1,000. Coins are in denominations of XOF500, 200, 100, 50, 25, 10, 5 and 1. Benin 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.
American Express, Diners Club, MasterCard and Visa are accepted on a limited basis. Some banks may advance cash or visa cards.
To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros or Pounds Sterling.
The import of local currency is unlimited, subject to declaration. The export of local currency is unlimited for EU residents; other nationalites must declare currency. The import of foreign currency is unlimited, subject to declaration. The export of foreign currency is limited to the equivalent of XOF100,000.