Money & Shopping
The Central African CFA franc (XAF) is used by Equatorial Guinea. It is also used by Cameroon, Central African Republic, Chad, Republic of the Congo 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.
Everything is extremely expensive in Equatorial Guinea. A decent room with very limited amenities (bring all the necessary stuff like towel, soap, shampoo, etc. as the hotel may not have any) will be in the range of €100-400. A simple lunch will cost at least €30 (without drinks like wine, beer or soft drinks) in a clean and air conditioned restaurant.