Mali

Money & Shopping

Money & Shopping

The West African CFA franc (XOF) is used by Mali. It is also used by Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Niger, Senegal and Togo. While, strictly speaking, 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 = XOF655.957

There are plenty of great crafts in Mali. Various ethnic groups have their own, trademark masks. There are some great musical instruments; blankets; bogolas (a type of blanket); silver jewelry, and leather goods. The Touareg people, in particular, craft great silver and leather goods, including jewellery, daggers, spears, swords, and boxes. Buying some local music makes also a good souvenir — some of the world's best musicians are from Mali.

ATMs

from 2014 all Ecobank ATMs in Mali take Mastercard/visa card for cash withdrawal. look at the Ecobank web site for a full list of locations.

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