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Country Guide > Africa > Gabon | |
Currency CFA (Communauté Financiaire Africaine) Franc (CFAfr or XAF) = 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. 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 Gabon is part of the French Monetary Area. Credit & debit cards Limited use of American Express, MasterCard and Visa. In general, the use of credit cards in Gabon remains relatively limited. Check with your credit or debit card company for merchant acceptability and other facilities which may be available. Travellers cheques To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros. Currency restrictions The import of local and foreign currency is unlimited, subject to declaration. The export of local and foreign currency is limited to CFAfr200,000. Exchange rate indicators The following figures are included as a guide to the movements of the CFA Franc against Sterling and the US Dollar:
Banking hours Mon-Fri 0730-1130, 1430-1630. |