Gabon - Money
Currency & Money
CFA (Communauté Financière Africaine) Franc (XAF; symbol CFA) = 100 centimes. Notes are in denominations of CFA10,000, 5,000, 2,000, 1,000 and 500. Coins are in denominations of CFA500, 100, 50, 25, 10, 5 and 1.
Only currency issued by the Banque des États de l'Afrique Centrale (Bank of Central African States) is valid; currency issued by the Banque des États de l'Afrique de l'Ouest (Bank of West African States) is not. The CFA Franc is tied to the Euro.
Note: Libreville is one of the most expensive cities in the world.
To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros.
The import of local currency and the import and export of foreign currency is unlimited, subject to declaration. The export of foreign currency is limited to CFA200,000.
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