Sunday, October 16, 2011

Money Exchange for Burkina Faso -Services - Money

http://travel-to-burkina-faso.blogspot.com/2011/10/money-exchange-for-burkina-faso.html
Money Exchange for Burkina Faso -Services - Money
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Currency information:

CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,500, 1,000 and 500. Coins are in denominations of XOF250, 100, 50, 25, 10, 5 and 1.

Burkina Faso is part of the French Monetary Area. Only currency issued by the Banque des Etats de l'Afrique de l'Ouest (Bank of West African States) is valid; currency issued by the Banque des Etats de l'Afrique Centrale (Bank of Central African States) is not. The CFA Franc is tied to the Euro.
Credit cards:

Diners Club and MasterCard have limited acceptance. No ATMs available.
ATM:

No ATMs available.
Travellers cheques:

To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros or US Dollars. Banks often require proof of purchase, so all receipts should be kept as a precautionary measure. It is advised to take at least some Euros in cash.
Banking hours:

Mon-Thurs 0730-1130 and 1500-1600, Fri 0730-1130 and 1530-1700.
Currency restriction:

There are no restrictions on the import or export of local or foreign currency, provided it's declared upon arrival.
Currency exchange:

Can be exchanged in banks and major hotels.