CFA (Communauté Financière Africaine) Franc (CFAfr or XAF) = 100 centimes. Notes are in denominations of XAF10,000, 5,000, 1,000 and 500. Coins are in denominations of XAF500, 100, 50, 25, 10 and 5.

Equatorial Guinea is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is valid; currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is not. The CFA Franc is tied to the Euro.

Foreign currencies are best exchanged at banks, of which, however, there are few. Receipts for currency exchange should be retained.

Equatorial Guinea has a strictly cash-only economy. Credit cards and cheques are not accepted. ATMs are not available.

Most businesses do not accept traveller’s cheques.

Mon-Sat 0800-1200.

Date	Apr 07
£1.00=	XAF969.87
$1.00=	XAF490.65
Eur;1.00=	XAF655.96

The following goods may be imported into Equatorial Guinea without incurring customs duty:

• 200 cigarettes or 50 cigars or 250g of tobacco.
• 1l of wine.
• 1l of alcoholic beverages.
• A reasonable amount of perfume.

Note: Visitors for business and tourism must declare any currency in excess of XAF50,000 (approximately £50) on arrival. Failure to do so could result in a fine on departure.