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| Country Guide > Africa > Senegal |
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Money Currency CFA (Communaut Financiaire Africaine) Franc (CFAfr) = 100 centimes. Notes are in denominations of CFAfr10,000, 5000 and 1000. Coins are in denominations of CFAfr500, 200, 100, 50, 25, 10, 5 and 1. Senegal is part of the French Monetary Area. Only currency issued by the Banque des Etats de l’Afrique de l’Ouest (Bank of West African States) is valid; currency issued by the Banque des Etats de l’Afrique Centrale (Bank of Central African States) is not. The CFA Franc is tied to the Euro. Credit & debit cards American Express is the most widely accepted, although Diners Club, MasterCard and Visa have limited use. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Commissions are added for the use of credit cards. There are ATMs in Dakar. Travellers cheques Travellers cheques are easy to cash in Dakar. To avoid additional exchange rate charges, travellers are advised to take them in Euros. Currency restrictions Import of local currency is unlimited; import of foreign currency is unlimited but subject to declaration. Export of local currency is restricted to CFAfr20,000. Export of foreign currency is limited to CFAfr50,000; for amounts exceeding this, the declaration issued on arrival must be presented. Exchange rate indicators The following figures are included as a guide to the movements of the CFA Franc against Sterling and the US Dollar:
Banking hours Mon-Fri 0800-1100 and 1430-1600. |