The majority of Benin's population lives in the south. The population is young, with a life expectancy of 59 years. About 42 African ethnic groups live in this country; these various groups settled in Benin at different times and also migrated within the country.
CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Notes are in denominations of XOF10,000, 5,000, 2,000 and 1,000. Coins are in denominations of XOF500, 200, 100, 50, 25, 10, 5 and 1. Benin is part of the French Monetary Area.
Although its education system used not to be free, Benin has now abolished school fees and is carrying out the recommendations of its 2007 Educational Forum. In 1996, the gross primary enrollment rate was 72.5 percent, and the net primary enrollment rate was 59.3 percent.