CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,000 and 1,000. Coins are in denominations of XOF500, 200, 100, 50, 25, 10, 5 and 1. Benin is part of the French Monetary Area.
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Money & duty free for Benin
03/08/2019
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.
Credit cards:
American Express, Diners Club, MasterCard and Visa are accepted on a limited basis. Some banks may advance cash or visa cards.
Travellers cheques:
To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros or Pounds Sterling.
Banking hours:
Mon-Fri 0800-1100 and 1500-1700. Some banks may open on Saturday.
Currency restriction:
The import of local currency is unlimited, subject to declaration. The export of local currency is unlimited for EU residents; other nationalites must declare currency. The import of foreign currency is unlimited, subject to declaration. The export of foreign currency is limited to the equivalent of XOF100,000.