Burkina Faso - Money
Currency & Money
CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,500, 1,000 and 500. Coins are in denominations of XOF250, 100, 50, 25, 10, 5 and 1.
Burkina Faso 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.
To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros or US Dollars. Banks often require proof of purchase, so all receipts should be kept as a precautionary measure. It is advised to take at least some Euros in cash.
There are no restrictions on the import or export of local or foreign currency, provided it's declared upon arrival.
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