Cameroon

Money & Shopping

Money / Shopping

The Central African CFA franc (XAF) is used by Cameroon. It is also used by the Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. While strictly a separate currency from the Western African CFA franc (XOF), the two currencies are used interchangeably at par throughout all CFA franc (XAF & XOF) using countries.

Both CFA francs are guaranteed by the French treasury and are pegged to the euro at €1 = XAF655.957


ATM's

master card and Visa ATM withdrawals are possible in many banks - for example, SGBC - which can be found in most major cities. from 2014 all Ecobank ATMs in Cameroon have Cash withdrawal with Master cards and visa cards.


Shopping

Some good ways to spend your money include local handicrafts in Marche de Fleurs (Douala - Bonapriso quarter) and on fresh fish and prawns in Youppe village close to Douala (early morning).

Unless you are in stores and restaurants, you must bargain for everything. Demand 20-50% of the first price requested.

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Cameroon - Travel guide

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