Comoros currency is officially known as Comoros Franc. KMF is the currency code of Comoros. In Comoros currency, 1 Comoros Franc has been subdivided into 100 centimes.
The banknotes, that are available in Comoros, are in the denominations of KMF10,000, KMF5,000, KMF2,500, KMF1,000 and KMF500. The coins are also circulated in Comoros. The coins in Comoros come in the denominations of KMF20, KMF10, KMF5, KMF2, KMF1 and 20 centimes. The Euro has a tie-up with the Comoros Franc. The Comoros Franc makes a part of the French Monetary Area. The European tourists can pay through Euros in a few tourist establishments in Comoros. A few renowned hotels in Comoros accept Euros as well as US dollars.
Banque Nationale des Comores is the recognized bank in Comoros, who has got the official rights to issue bank notes of Comoros. The foreign tourists can exchange their foreign currency in Banque Nationale des Comores. The tourists can also change their travelers’ cheques in this bank. If the travelers’ cheques are in Euros, the tourists need not to pay additional charges as exchange rates. The Bank remains open from 07:30 a.m. to 1:00 p.m. between Monday and Thursday and from 07:30 a.m. to 11:00 a.m. on Fridays.
International Credit/Debit cards are accepted in most of the tourist establishments in Comoros. There are a few ATM counters as well in Comoros.
Economy of Comoros