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Euro in Africa
Euro in Africa
The euro is the official currency of France's Mayotte & Reunion territories and Spain's Canary Islands. The West & Central African CFA francs are pegged to the euro at 655.975 (formerly, simply 100 to the French franc). The Moroccan dirham is pegged (with a fluctuation band) to the euro at roughly 10 dirhams to one euro. The Cape Verdean escudo is pegged at 110.265 to one euro and the Comoran franc is pegged at 491.9678 to one euro. The Sao Tome and Principe dobra will become fixed to the euro sometime in 2010 or 2011.
The Euro is the easiest currency to exchange and receives the best exchange rate in countries whose currencies are fixed to the euro, with strong European ties, and/or where the majority of tourists are European. This generally corresponds with North Africa, the Sahel, West Africa, & Central Africa with the exceptions of Egypt, Sudan, & Ghana, neither the euro nor dollar is better, and Nigeria, the DRC, & Liberia. Due to the relevantly recent creation of the Euro and long-standing status of the dollar, beware that there are some regions of Africa where people either have never heard of the euro or will see it as worthless.
The Most Frequently Asked Travel Questions about Africa
Where To Stay & Best Hotels in Africa - updated Feb 2024
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Africa Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.