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
