The West African CFA Franc (XOF) is the official currency of Benin. It is technically divided into 100 smaller units called centimes, but no centime denominations have been issued. Benin is largely a cash economy and credit cards are not widely accepted, but major banks in Cotonou will give cash advances against Visa credit cards and most major foreign currencies can be exchanged in the city. The best banks for changing money are Financial Bank, Bank of Africa, BTCI and Ecobank, which also often have ATMs.
Currency Exchange Rates
|AUD 1||AUD 5||AUD 10||AUD 100||AUD 1,000|
|Australia||AUD 1.00||AUD 5.00||AUD 10.00||AUD 100.00||AUD 1,000.00|
|Canada||CAD 0.99||CAD 4.94||CAD 9.89||CAD 98.86||CAD 988.62|
|Ireland||EUR 0.64||EUR 3.21||EUR 6.43||EUR 64.27||EUR 642.73|
|New Zealand||NZD 1.07||NZD 5.33||NZD 10.67||NZD 106.67||NZD 1,066.72|
|South Africa||ZAR 11.71||ZAR 58.53||ZAR 117.07||ZAR 1,170.67||ZAR 11,706.66|
|United Kingdom||GBP 0.48||GBP 2.41||GBP 4.82||GBP 48.19||GBP 481.92|
|United States of America||USD 0.70||USD 3.49||USD 6.98||USD 69.79||USD 697.93|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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