Cameroon Currency
Saturday, January 1, 2011
Cameroon Currency is Communaute Financiere Africaine franc or CFA franc in short. One CFA is equivalent to 100 centimes. The currency of Cameroon is under the monetary area of France and tied to the Euro. The currency issued by the Bank of Central African States is valid in Cameroon.
Cameroon currency is available in notes and coins. Notes of Cameroon are of the denominations CFA franc !0,000, 5000, 2000, 1000 and 500 while the denominations of coins in Cameroon are CFA franc 250, 100, 50, 25, 10, 5, 1. The Conversion rate of Cameroon currency is as follows: 1 US Dollar is equivalent to 482.460 CFA Franc or 1 CFA franc is equivalent to 0.002073 US Dollar.
The import and export of the currency of Cameroon is subject to certain restrictions. The import of Cameroon currency is limited to CFA franc 20,000 whereas the export of the local currency depends on the purpose of the tour. Export for tourism purposes is limited to CFA franc 20,000 while for business purposes it is CFA franc 450,000.
Import and export of foreign currency is allowed in Cameroon. The Euro is easily exchanged into Cameroon currency, as is the US Dollar. Credit and debit cards are accepted in limited airports and hotels. Travelers cheques other than those in Euro have an additional charge.
Labels: Cameroon Currency
posted by S A J Shirazi @ 8:14 PM,
0 Comments:
Post a Comment