Money & Shopping
The Central African CFA franc (XAF) is used by Central African Republic. It is also used by Cameroon, 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 euro = 655.957 CFA francs.
- There are Ecobank ATMs in Bangui which can be used for cash withdrawals with a MasterCard or Visa card.
Costs in Central African Republic are exorbitant for foreigners who plan to maintain a lifestyle similar to those in their origin country. Much of the commerce and goods must be flown or shipped into the nation, explaining the high costs for many goods. "Local" goods that are imported into CAR from regional nations such as Democratic Republic of Congo and Cameroon are slightly less expensive (rice, beans, water, etc.). Finally, many of the supermarkets in Bangui and other cities are owned by Lebanese people and families, so there is abundant Middle Eastern food imported into the country, although these products are also very expensive.