Money

Currency : 1 Central African Franc (Franc de la Communauté Financière Africaine) (XAF; symbol CFA) = 100 centimes. Notes are in denominations of CFA10,000, 5,000, 2,000, 1,000 and 500. Coins are in denominations of CFA250, 100, 50, 25, 10, 5, 2 and 1. Cameroon is part of the French Monetary Area. Only currency issued by the Banque des États de l'Afrique Centrale (Bank of Central African States) is valid; currency issued by the Banque des États de l'Afrique de l'Ouest (Bank of West African States) is not. The CFA Franc is tied to the Euro.

Currency Exchange : Euros are the easiest currency to exchange. US Dollars are the next most acceptable. Travellers should bring cash in preference to traveller's cheques.

Credit / Debit Cards and ATMs : Major credit cards are accepted on a very limited basis (some airline offices and hotels will take them). Cards cannot be used in banks to obtain cash advances. ATMs are rare.

Travellers Cheque Advice : To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros - although it is possible to exchange Sterling traveller's cheques. Commission rates tend to be high.

Banking Hours : Mon-Fri 0730-1530.

Exchange Rate Indicators :
Date Jan 07
£1.00= CFA971.42
$1.00= CFA500.96 


    

      

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