The West African CFA franc 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
|A$ 1||A$ 5||A$ 10||A$ 100||A$ 1,000|
|Australia||A$ 1.00||A$ 5.00||A$ 10.00||A$ 100.00||A$ 1,000.00|
|Canada||C$ 1.05||C$ 5.26||C$ 10.52||C$ 105.18||C$ 1,051.80|
|Ireland||€ 0.81||€ 4.07||€ 8.14||€ 81.37||€ 813.70|
|New Zealand||NZ$ 1.30||NZ$ 6.49||NZ$ 12.98||NZ$ 129.81||NZ$ 1,298.15|
|South Africa||R 8.71||R 43.55||R 87.10||R 870.96||R 8,709.58|
|United Kingdom||£ 0.67||£ 3.36||£ 6.73||£ 67.28||£ 672.81|
|United States of America||US$ 1.03||US$ 5.15||US$ 10.30||US$ 102.99||US$ 1,029.87|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
Become our Benin Travel Expert
We are looking for contributors for our Benin travel guide. If you are a local, a regular traveller to Benin or a travel professional with time to contribute and answer occasional forum questions, please contact us.