Saturday, September 18, 2021

Money & Shopping in Senegal

AfricaSenegalMoney & Shopping in Senegal

Senegal uses the West African CFA franc (XOF). Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, and Togo all use it. While technically distinct from the Central African CFA franc (XAF), the two currencies are used interchangeably at par in all nations that utilize the CFA franc (XAF & XOF).

The French Treasury backs both CFA francs, which are linked to the euro at €1 = XOF655.957.