Practical Travel Information
MONEY AND INSURANCE
- Travellers' Cheques: They are accepted by very few banks in the country and when accepted, your purchase receipt might be requested, the exchange rate might be below
what you expect and the charges might be higher than in other parts of the world where they are widely used
- Credit Cards: They are not as widely used in the country as in other parts of the world with more developed and vibrant financial systems. Very few restaurants,
hotels and shops accept credit cards and are mostyly found in the largest urban cities of Douala and Yaoundé. Commissions between 2-15% may be charged. Visa cards are far more common
- Currency: The currency in use is the Central African Franc (XAF) used by all countries in the Economic and Monetary Community of Central Africa (CEMAC).
Use the following converter which updates currency rates in real time
to convert from your currency to the XAF and Vice Versa:
- ATM: Most banks in urban areas provide ATM services. It is advisable to lookout for any tampering with the ATMs in order to avoid any scam from fraudsters
- Travel Insurance: A good insurance policy is essential which might include possible emergency flights back home, medical irregularities include stolen and lost items
- In all, it is more advisable to have enough liquid cash to cover up all expected expenses. Exchange rates for cash is far more favourable than those for travellers'
cheques and credit cards
Restaurants in Cameroon