The currency used in Benin is called as the CFA Franc. This currency is denoted with the currency sign CFA and the ISO 4217 Code for the Nigerien CFA Franc is XOF.
The CFA Franc, is the official currency of the Benin . It is divided into 100 smaller units called Centime.
The constitution of Benin provides that the Benin government shall have the power to print the Nigerien CFA Franc and Centime coins to be used as a legal tender in Benin.
The Nigerien CFA Franc bank notes and Centime coins are both designated as "legal tender" in payment of debts.
The Nigerien CFA Franc bill uses the decimal system, consisting of 100 equal units.
The symbol CFA
, usually written before the numerical amount, is used for the Nigerien CFA Franc.
Currently printed bank notes denominations are 1,000, 2,000, 5,000, 10,000 francs
and the coins are minted in the denominations of 1, 5, 10, 25, 50, 100, 200, 250, 500 francs .