Currency of Mali

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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, 250, 100, 50, 25, 10 and 5.

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Mali is part of the French Monetary Area. Only currency issued by the Banque des Etats de l'Afrique de l'Ouest (Bank of West African States) is valid; currency issued by the Banque des Etats de l'Afrique Centrale (Bank of Central African States) is not. The CFA Franc is tied to the Euro.

Credit cards: 

Credit cards are very little used in Mali's cash economy - and are only accepted at major banks, airports, hotels and restaurants. Visa is the main card accepted; MasterCard and American Express can sometimes be used.

Travellers cheques: 

Can be exchanged In Bamako. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars or Euros.

Banking hours: 

Mon-Fri 0800-1630, Sat 0800-1400.

Currency restriction: 

There are no restrictions on the import or export of local or foreign currency, but amounts exceeding XOF25,000 should be declared.