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.
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.
Songs and dances are a part of the social fabric of Benin and celebrate joyous events such as festivals, childbirth, rites of passage, or occasions of sorrow such as mourning of the dead.