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Money and Shopping in Benin


Money and Shopping in Benin

The West African CFA franc has a fixed exchange rate to the euro. Roughly 650 CFA francs is equal to €1, and roughly 500 CFA is equal to 1 US dollar. There are banks in all the major cities, and most of the banks have cash machines. Keep in mind that many businesses and offices, including banks, close for several hours in the middle of the day. Prices for goods purchased in a store, restaurant, hotel, bus tickets, etc. are non-negotiable, but almost everything else is. Depending on the item, it's not uncommon for foreigners to be quoted a price that is double the final purchase price. One can find any type of African commodity all over Benin.

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Benin 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.

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