Malabo - Post Report Question and Answers

Are credit cards widely accepted and safe to use locally? Are ATMs common and do you recommend using them? Are they safe to use?

Don't know. We use cash that we get from the Embassy cashier. - Apr 2021

It's pretty much a cash only economy. - Apr 2021

This is a cash-based economy. EG is still using the Central African franc (CFA or XFA); there had been some GREG discussion about establishing its own currency. There are several African banks and one French. ATMs are common, but I have never used them. - Jul 2020

No, this is a cash economy. I only use my credit card at Hilton or Magno Suites restaurant. ATMs are unreliable and not safe to use. - Aug 2017

There are two (maybe 3) places that accept credit cards and that is it. There are a few ATMs, but I have never used one. It is a cash economy. - Sep 2014

The three Western hotels accept credit cards (I think only Visa), and there is at least one ATM in town. Otherwise, EG is still almost exclusively a cash economy. - Jun 2012

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