Money and duty free for Equatorial Guinea

Currency and Money

Currency information

CFA (Communauté Financière Africaine) Franc (CFA or XAF) = 100 centimes. Notes are in denominations of XAF10,000, 5,000, 1,000 and 500. Coins are in denominations of XAF500, 100, 50, 25, 10 and 5.

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

Credit cards

Equatorial Guinea has a strictly cash-only economy. Credit cards and cheques are not accepted. ATMs are not available.

ATM

ATMs are not available.

Travellers cheques

Most businesses do not accept traveller's cheques.

Banking hours

Mon-Sat 0800-1200.

Currency restrictions

There are no restrictions on the import of local or foreign currency, provided amounts are declared on arrival. The export of local currency must not exceed XAF50,000 and the export of foreign currency must not exceed the amount declared on arrival.

Currency exchange

Foreign currencies are best exchanged at banks, of which, however, there are few. Receipts for currency exchange should be retained.

Equatorial Guinea duty free

Overview

The following goods may be imported into Equatorial Guinea without incurring customs duty:

• 200 cigarettes or 50 cigars or 250g of tobacco.
• 1L of wine.
• 1L of spirits.