In 1994 the Beninese currency was devalued by 50% and the country subsequently suffered under inflation of 55% (up from 3%). It is a testament to the economic leaders that the following year inflation was slashed to 14%, and has continued to fall ever since. Benin is a cheap place to holiday; not uncommon in Africa, but a bonus given the attractive and comfortable capital, Porto Novo. You could scrape by on US$15.00 a day if you stayed in humble lodgings and looked after your pennies. If you stay in the most expensive luxury hotel in the commercial centre of Cotonou, eat top-end all day and hire a Peugeot 504, you'd be looking at US$30.00 a day, plus petrol.

Changing currency is simple in Benin, especially around Cotonou and Porto Novo. The Bank of Africa usually has the best rates and charges no commission. Ecobank-Bénin is open on Saturdays, and the Financial Bank allows cash withdrawals on Visa cards. If you're stuck at night you can try the Benin Marina Hotel, near the airport, or risk the black market around the Jonquet district. Currency changes are easier from euros or dollars.

With increased tourism, tipping has become a part of the tourist industry in Benin. It is common now to tip 10% at upmarket hotels and restaurants.

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