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Benin

Money & costs

Money

The unit of currency in Benin is the West Africa Comunauté Financiere Africaine (CFA) franc. Cash advances against credit cards (Visa only) are possible at the major banks in Cotonou. The best banks for changing money are Financial Bank, Bank of Africa, Ecobank and BTCI, which also often have ATMs.

Benin’s neighbours all use CFAs, except Nigeria, where the currency is the nairi. There is no official way to get hold of nairi in Benin but Cotonou has a healthy black market around the Gare du Dantokpa.

Banks accept travellers cheques in most major currencies, although these can only be reliably changed in Cotonou.