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.