Currency of Benin: West African CFA franc
West African CFA franc · XOF · Currency Union
Who Issues Benin's Currency
The West African CFA franc (XOF) used in Benin comes from a common issuing framework shared by several states. That regional structure is the defining feature of the country's currency system; CFA and numeric code 952 identify the currency. Its currency framework records a peg, so exchange-rate management is tied to an external reference point.
On a West African CFA franc conversion involving Benin, Central Bank of West African States (BCEAO) administers the West African CFA franc at regional level. Benin participates in that currency union instead of operating a separate national issue. The result is the monetary framework distinct from the conversion quote.
When West African CFA franc (XOF) is converted for use in Benin, the displayed reference rate is a benchmark rather than a guaranteed transaction price. The date of the observation and any provider margin both affect how the figure should be interpreted. The page uses Regional or system monetary authority for the institutional currency context.
Exchange Rate for XOF
Banknotes and Coins
Banknotes
BCEAO's current banknote range comprises 500, 1,000, 2,000, 5,000 and 10,000 CFA francs. These denominations are shared across the West African Monetary Union.
Coins
BCEAO circulation data identifies the standard coin denominations used across the union: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
Frequently Asked Questions
What currency is used in Benin?
In the Benin context, the West African CFA franc (XOF) is administered regionally by Central Bank of West African States (BCEAO), and Benin participates in that shared monetary arrangement. This provides the observation easy to date.
Who manages the currency system in Benin?
For currency calculations involving Benin, the West African CFA franc (XOF) is administered regionally by Central Bank of West African States (BCEAO), and Benin participates in that shared monetary arrangement. This gives the rate context explicit.
Are the exchange rates for Benin real-time?
For readers comparing XOF, the tool requests the latest available reference observation for supported pairs and reports the date attached to that observation. Treat it as a dated benchmark, not as a guaranteed retail conversion price. It leaves the comparison anchored to a dated observation.
Sources & methodology
The page anchors its institutional currency facts in material from Central Bank of West African States (BCEAO) and the framework governing Benin. XOF identification follows ISO 4217, while exchange-arrangement classification is kept separate from dated market observations.
View sources used for this page
- Regional or system monetary authority
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- BCEAO - banknotes and coins
- BCEAO - 2003 banknote range and coins