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Country Guide > Africa > Central African Republic


Money

Currency
CFA (Communauté Financiaire Africaine) Franc (CFAfr) = 100 centimes. Notes are in denominations of CFAfr10,000, 5000, 2000, 1000 and 500. Coins are in denominations of CFAfr500, 100, 50, 25, 10, 5 and 1. The Central African Republic is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is valid; currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is not. The CFA Franc is tied to the Euro.

Currency exchange
Currency can be exchanged at banks in Bangui and Berbérati.

Credit & debit cards
Not generally accepted, except in major hotels.

Travellers cheques
To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros. Even so, commission rates can be very high.

Currency restrictions
Import and export of local currency from Benin, Burkina Faso, Côte d’Ivoire, Mauritania, Niger, Senegal and Togo is unlimited; for all other countries the import and export of local currency is limited to CFAfr75,000. The import of foreign currency is unlimited provided it is declared. The export of foreign currency is limited to the amount imported and declared.

Exchange rate indicators
The following figures are included as a guide to the movements of the CFA Franc against Sterling and the US Dollar:
DateAug '04Nov '04Feb '05May '05
£1.00=978.35936.79992.84962.62
$1.00=531.03494.69525.73520.03


Banking hours
Mon-Fri 0700-1230.


   
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