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Guinea-Bissau

Money & Shopping

Money & Shopping

The West African CFA franc (XOF) is used by Guinea-Bissau. It is also used by Benin, Burkina Faso, Côte d'Ivoire, Mali, Niger, Senegal and Togo. While strictly a separate currency from the Central African CFA franc (XAF), 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.

In December 2007 the first ATM's arrived to the country of Guinea-Bissau - in the BAO (Banco da Africa Occidental) branches of Bissau and Gabú. An ATM is also being set up in the Hotel Malaika in Bissau. These ATM's only function if you have a local account with that bank. Probably still safest to bring euros or FCFA enough to cover the time you plan to stay. Western Union is present in Bissau (eight locations), Bafatá, Gabú, Buba, Canchungo and Mansoa. (They will rip you off by taking 10%.)

ATMs

from 2014 Ecobank has ATMs in Bissau which take Master card/visa card for cash withdrawal.

Shopping

The largest market in the country is Bandim Market, which is on the main road going into town. You can buy many things there and the atmosphere is nice. Otherwise there are small vendors on most roads of the capital. In the villages (Tabankas) you will also find small vendors selling the necessities. In the main towns in the countryside there are larger markets called "Lumo", which give farmers and merchants the possibility to sell/trade their goods. Don't forget that Guinea-Bissau is a poor country and as such the possibilities for shopping are smaller than in the Gambia or Senegal.

Useful creole shopping phrases: Ke ku bu misti? (what do you want?) N mistil (I want it) N ka mistil (I don't want it)

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Guinea-Bissau - Travel guide

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