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 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 0.94||CAD 4.71||CAD 9.42||CAD 94.18||CAD 941.82|
|Ireland||EUR 0.62||EUR 3.12||EUR 6.23||EUR 62.33||EUR 623.30|
|New Zealand||NZD 1.04||NZD 5.21||NZD 10.41||NZD 104.11||NZD 1,041.10|
|South Africa||ZAR 10.07||ZAR 50.36||ZAR 100.72||ZAR 1,007.24||ZAR 10,072.42|
|United Kingdom||GBP 0.54||GBP 2.68||GBP 5.36||GBP 53.62||GBP 536.21|
|United States of America||USD 0.71||USD 3.54||USD 7.09||USD 70.86||USD 708.62|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.