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Money and costs

Currency
Communauté Financière Africaine Francs (XOF)
Exchange Rates
Rates provided by Open Exchange Rates. Last updated July 01, 2015 11:47AM UTC
Daily Costs
Budget (up to)
  • Hotel room CFA10,000
  • Pâte in a maquis CFA1000
  • Local beer CFA600
  • Zemi-john ride CFA300
Midrange
  • Hotel room CFA20,000
  • Two-course dinner CFA4000
  • Drink in a bar CFA1500
  • Intercity bus ride CFA7000
Top end (more than)
  • Hotel room CFA40,000
  • Two-course meal CFA10,000
  • Cocktail CFA2000
  • 4WD with driver, per day CFA50,000

The currency in Benin is the West African CFA franc.

The best foreign currency to carry is euros, easily exchanged at any bank, hotel or bureau de change.

Travellers' cheques cannot be exchanged in Benin.

There are numerous Visa ATMs in every city; the only bank to accept MasterCard is Banque Atlantique (in Cotonou only), though its MasterCard ATMs were not functioning at the time of research.

Credit cards are accepted at some upmarket hotels and shops. Some places levy a commission of about 5% for credit-card payment.