|
The official Mali currency is CFA Franc (XOF). The currency is divided into 100 centimes in Mali. The currency of Mali is united with the Euro. The banks in Bamako exchange travelers’ checks and foreign currency. French franks and Euro currency notes are easily exchangeable in Mali. Bank notes in Mali usually have the denominations of CFA fr10, 000, 5000, 2000 and 1000. The coins of Mali are in denomination of CFA fr500, 200, 250, 100, 50, 25, 10 and 5.
Mali is one of the main divisions of the French Monetary Area. The currency, which is issued by the Bank of West African States, is considered to be valid. The banks in Mali remain closed on weekends. The capital city, Bamako also has few ATMs that operate round the clock. Visa cards are however widely accepted. Some of the hotels and restaurants in Mali even accept Visa and credit cards.
Some of the hotels in Bamako accept Diners Club, Visa and Master Cards. The travelers can exchange checks at banks. The travelers may carry US dollar and Euro checks to avoid hassles. Mali forbids the export and import of local currency. Foreign currency however, can be exported or imported to a limit of CFA fr25, 000.
|
