Senegal - Money
Currency & Money
CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,000,1,000 and 500. Coins are in denominations of XOF500, 250, 200, 100, 50, 25, 10, 5 and 1.
Senegal is part of the French Monetary Area. Only currency issued by the Banque des États de l'Afrique de l'Ouest (Bank of West African States) is valid; currency issued by the Banque des États de l'Afrique Centrale (Bank of Central African States) is not. The CFA Franc is pegged to the Euro.
American Express and Visa are more widely accepted than other credit cards. Fees are added for the use of credit cards and many businesses may not accept payments with foreign cards. It is best to carry cash for the majority of transactions.
There are ATMs throughout Senegal and fairly widespread across Dakar. However, check if they accept foreign cards first. Société Générale de Banque au Sénégal is said to be accepting foreign ATM cards but do check diligently before using.
Traveller's cheques are not commonly used nowadays. If you're still using them, beware that only banks in Dakar can accept them.
Local currency CFA francs (XOF): foreign visitors face no restriction when it comes to importing the local currency.
Foreign currencies: foreign visitors must declare if they are importing foreign currencies worth more than 1,000,000 CFA francs (or its equivalent) or exporting foreign currencies worth more than 500,000 CFA francs (or its equivalent).
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