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Niger currency is CFA (Communaut Financiaire Africaine) or CFA franc. Niger currency is available in notes as well as coins. Every country has its own unique currency. Currency of one country is not valid elsewhere. People have to convert the currency while traveling to another country. There are certain exchange rates that are universally followed. The rates fluctuate very often. The information on the rates of exchange is available on various dailies, television channels and on internet.
The denominations of the notes of currency of Niger include CFA fr 10,000, 5000, 2500, 1000 and 500. The denominations of the coins include CFA fr 250, 100, 50, 25, 10, 5 and 1. Niger is the part of French monetary area. The currency in Niger that is issued by the Bank of West African States is the valid one. But the currency that is issued by bank of Central African States is not a valid one. The currency of Niger is tied to the Euro.
The export of the local currency of Niger is not restricted. However there is a limit to the export of the local currency. Not more than CFA fr 25, 000 can be exported. The import and export of foreign currencies is also not restricted.
For traveling and also for business purpose, currency can be exchanged at airports, hotels and banks. Travelers check is also accepted at various places. It is convenient to use travelers check in Euros to save additional charges on exchange rates.
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