Friday, September 10, 2021

Money & Shopping in Gabon

AfricaGabonMoney & Shopping in Gabon

Gabon uses the Central African CFA franc (XAF). Cameroon, the Central African Republic, Chad, the Republic of Congo, and Equatorial Guinea 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. Banknotes in denominations of 500, 1,000, 2,000, 5000, and 10,000 are in circulation.

ATMs

All Ecobank ATMs in Gabon accept Mastercard and Visa cards for cash withdrawals since 2014.

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