Saturday, September 18, 2021

Money & Shopping in Cameroon

AfricaCameroonMoney & Shopping in Cameroon

Cameroon uses the Central African CFA franc (XAF). The Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, and Gabon all use it. While the CFA franc (XAF) and the Western African CFA franc (XOF) are technically distinct currencies, they are used interchangeably in all CFA franc (XAF & XOF)-using nations.

The French Treasury backs both CFA francs, which are linked to the euro at €1 = XAF655.957.

ATM’s

Many banks, such as SGBC, provide master card and Visa ATM withdrawals, and may be located in most major cities. Since 2014, all Ecobank ATMs in Cameroon have been able to accept cash withdrawals using Master and Visa cards.

Shopping

Local handicrafts at Marche de Fleurs (Douala – Bonapriso neighborhood) and fresh seafood and prawns in Youppe hamlet near Douala are two excellent ways to spend your money (early morning).

Unless you’re at a shop or a restaurant, you’ll have to haggle for everything. Demand a discount of 20% to 50% off the initial price.