West African Currencies and Codes4 min read

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What is the Naira equivalent for one Dollar?
I bet you don’t know unless you check up for the exchange rate online or through the banks. A quick advice especially if you are planning of visiting any of the countries in West Africa for the first time or again.  I know you know this, but it’s not wrong to remain you again and keep you abreast.

There are different currency types across the region, hence it is very important to know the name, unit and exchange rate of the currency of the specific country you are travelling to so that you don’t end up been cheated or scammed.
 
Did I say scammed? Yes! Scammed. You may need to be careful where you change your money, because you may end up changing huge amount of money for fake bank notes.
What are the names, ISO and monetary units of the current usable currencies in West Africa?
 
Benin
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Benin. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
 
Burkina Faso
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Burkina Faso. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
 
Cape Verde
Currency: Cape Verdean Escudo
Monetary Code: CVE
The Cape Verdean escudo is the official currency of the Cape Verde. The symbol of the currency can also be written as Esc or $.
The frequently used coins include 1, 5, 10, 20, 50, and 100
The escudo bank notes include 200, 500, 1000, 2000, 2500 and 5000 escudo
Pegged at: 1USD = 93.6694CVE
 
Gambia
Currency: Dalasi
Monetary Code: GMD
The Gambian Dalasi is the official currency of the Republic of Gambia. The Dalasi replaced the former Gambian pound.
The coins are in the denomination of 1, 5, 10, 25, 50 bututs and 1 Dalasi.
The bank notes are in the range of 5, 10, 20, 25, 50, 100 and 200 Dalasi
Pegged at: 1USD = 47.50 Gambian Dalasi
 
Ghana
Currency: Ghanaian cedi
Monetary Code: GHS
The Ghanaian cedi is the currency used in Ghana. The pesewa is one hundredth of the Ghanaian cedi. The cedi is symbolized with GH₵.
The Coins are in the denomination of 1, 5, 10, 20, 50Gp and GH₵1
The Bank notes are in GH₵1, 2, 5, 10, 20 and 50 Cedi
Pegged at: 1 USD = 4.49Cedi
 
Guinea
Currency: Guinean franc
Monetary Code: GNF
The Guinean franc is the official currency of Guinea. The centime is one hundredth of the Guinean franc. The Guinean franc is symbolized with GFr or just Fr.
The Coins are divided into 1, 5, 10, 25 and 50 Guinean francs
The Banknotes  are split into 100, 500, 1000, 5000, 10,000 and 20,000 francs
Pegged at: 1USD = 8998.40 Guinean Franc.
 
Guinea-Bissau
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of   Guinea-Bissau. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
 
Ivory Coast
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of   Ivory Coast. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
 
Liberia
Currency: Liberian Dollar
Monetary Code: LRD
The Liberian Dollar is the official currency of Liberia. The Liberian Dollar is symbolized with L$. The cent is one hundredth of Liberian Dollar.
The Coins is in the denomination of 5 cents, 10 cents, 25 cents, 50 cents and 1 dollar
The Banknotes  are split into 5, 10, 20, 50, 100 dollars and 500 dollars
Pegged at:1USD = 125.5 LRD
 
Nigeria
Currency: Nigerian Naira
Monetary Code: NGN
The Nigerian Naira is the national currency of Nigeria. The Naira is symbolized with N. The Kobo is one hundredth of Nigerian Naira.
The coins are split into 1 kobo, 5 kobo, 50 kobo, 1 Naira and 2 Naira.
The Banknotes are in 5, 10, 20, 50, 100, 200, 500 Naira & 1000 Naira.
Pegged at: 1 USD = 363 Naira
 
Sierra Leone
Monetary Code: SLL
The Sierra Leonean leone is the official currency of Sierra Leone. The Sierra Leonean leone is denoted with the symbol Le. The cent is one hundredth of leone.
The Sierra Leone coin is divided into 10, 50, 100 and 500 Leones
The Banknotes  are split into 1000, 2000, 5000 and 10 000 Leones
Pegged at: 1USD = 7670SLL
 
Senegal
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Senegal. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
 
Togo
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Togo. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
Pegged at: 1USD = 557.12 francs
 
Niger
Currency: CFA franc
Monetary Code: XOF
The franc CFA is the currency of Niger. It is otherwise called the West African franc CFA.
The CFA Coins are in the range of: 1, 5, 10, 25, 50, 100, 200, 250 and 500 CFA francs.
The CFA Banknotes are in the range of: 500, 1,000, 2,000, 5,000 and 10,000 CFA francs.
 
Pegged at: 1USD = 557.12 francs

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