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Country Guide > Africa > Cameroon | |
Currency CFA (Franc de la Communauté Financière Africaine) Franc (XAF) = 100 centimes. Notes are in denominations of XAF10,000, 5000, 2000, 1000 and 500. Coins are in denominations of XAF250, 100, 50, 25, 10, 5 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 travellers cheques. Credit & debit cards 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. Travellers cheques To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros - although it is possible to exchange Sterling travellers cheques. Commission rates tend to be high. Currency restrictions Import of local currency is limited to CFAfr20,000. Import of foreign currency is unlimited. Export of local currency is limited to CFAfr20,000 if travelling for touristic purposes, or CFAfr450,000 if travelling for business purposes. There is no limit on the export of foreign currency. Exchange rate indicators
Banking hours Mon-Fri 0730-1530. |