Currency

Central African Franc (CFA)

Daily Costs

Budget: Less than CFA100,000

  • Double room in budget hotel: CFA20,000–35,000
  • Bottle of water: CFA1000
  • Bowl of pepe soup: CFA3500
  • Short taxi trip: CFA500

Midrange: CFA100,000–250,000

  • Double room in hotel: CFA50,000–90,000
  • Lunch and dinner at restaurants: CFA25,000–35,000
  • San Miguel beer: CFA1500

Top End: More than CFA250,000

  • Double room in hotel: CFA116,000–400,000
  • Round of golf at the Sofitel Sipopo Le Golf, Malabo: CFA80,000
  • Private tour of Bioko Island: CFA130,000
  • Glass of French wine: CFA3000

Bargaining

Bargaining is not the custom in Equatorial Guinea.

Money

The currency is the Central African Franc as used across the region (CFA). It is stable at CFA655 to the euro, and CFA600 to the US dollar.

ATMs

ATMs can be found at all banks in Malabo and Bata, but not elsewhere. They often don't work, only take Visa cards and only give small amounts (usually no more than CFA100,000 per day), meaning frequent trips to the bank. Note that many ATMs start to run dry from Thursday evenings in anticipation of the weekend. This is particularly noticeable towards the end of the month.

Changing Money

You can change euros or US dollars at banks in most towns or bureaux de change such as Pecunia Express that has branches in both Malabo and Bata.

Credit Cards

Credit cards can only be used in top-end hotels and restaurants. Local airlines and car-hire agencies do not generally accept credit cards.

You cannot withdraw cash over the counter in banks using your credit card.

Cash

Cash is king in Equatorial Guinea. Make sure you have plenty of foreign currency to exchange for large purchases such as airline tickets.

Travellers Cheques

Travellers cheques are not accepted in Equatorial Guinea.

Tipping

Tipping is not expected in most restaurants and hotels. However, at those frequented by expats, staff have come to expect a tip. Guides and private drivers also appreciate a tip of around 10%.

Exchange Rates

AustraliaA$1CFA452
CanadaC$1CFA440
Europe€1CFA656
Japan¥100CFA538
New ZealandNZ$1CFA415
UKUK£1CFA774
USUS$1CFA600

For current exchange rates, see www.xe.com.