Senegal Currency

Senegal currency is the medium of exchange for goods and services in Senegal. The official currency of Senegal is CAF Franc. CAF Franc is abbreviated as XOF and it is being used in Senegal since French colonial period. The currency was introduced in 1945 to replace the French Franc.

Senegal money
The currency of Senegal is West African CFA Franc, which is divided into 100 centimes. CFA Franc is fixed to the Euro. 1 Euro is equal to 655.957 CFA francs. CFA Franc is issued by the Bank of West African States.

CFA Franc notes are available in denominations of CFAfr10,000, 5000 and 1000 and coins are available in denominations of CFAfr500, 200, 100, 50, 25, 10, 5 and 1. Currencies can be exchanged in banks and exchange bureaus in Dakar.

Currency exchange rate as on Friday, September 21, 2007:

1 US Dollar is equal to 467.899 CFA Franc BCEAO and 1 CFA Franc BCEAO (XOF) is equal to 0.002137 US Dollar (USD)

1 British Pound is equal to 938.355 CFA Franc BCEAO and 1 CFA Franc BCEAO (XOF) is equal to 0.001066 British Pound (GBP)

1 Euro is equal to 655.957 CFA Franc BCEAO and 1 CFA Franc BCEAO (XOF) is equal to 0.001524 Euro (EUR)

1 Japanese Yen is equal to 4.05497 CFA Franc BCEAO and 1 CFA Franc BCEAO (XOF) is equal to 0.24661 Japanese Yen (JPY)

1 Hong Kong Dollar is equal to 59.88834 CFA Franc BCEAO and 1 CFA Franc BCEAO (XOF) is equal to 0.01670 Hong Kong Dollar (HKD)

1 Indian Rupee is equal to 11.73562 CFA Franc BCEAO and 1 CFA Franc BCEAO (XOF) is equal to 0.08521 Indian Rupee (INR)

Banking hours in Senegal
Monday to Friday: 0800-1100 and 1430-1600.
Currency restrictions
Local currency import is unlimited in Senegal. Export of local currency is limited to CFAfr20,000 and export of foreign currency is limited to CFAfr50,000.