957 XAF for 1 EUR. Issued by the Bank of Central African States (BEAC), this banknote is a common sight across the region.
XAF Currency Safety: Ensuring Your Money is Secure in Equatorial Guinea
These physical forms of money are widely accepted in shops, restaurants, and street markets. Regional Integration and the CFA Franc Equatorial Guinea is part of the Economic and Monetary Community of Central Africa (CEMAC).
Banknotes circulate in denominations ranging from 500 to 10,000 francs, while coins are available for smaller purchases. While some high-end hotels might accept euros, the vast majority of local vendors operate strictly with the national tender.
XAF Currency Safety: Ensuring Your Money is Secure in Equatorial Guinea
It is pegged to the Euro at a constant rate of 655. Physical Currency and Banking Transactions are conducted using both banknotes and coins.
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