Car rentals in Cameroon - Currency Issues

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Currency Issues

CURRENCY ISSUES: Credit cards and checks are rarely accepted. Cash in local currency is usually the only form of payment accepted throughout the country. Credit card cash advances are not available and most banks do not cash personal or Traveler's checks. Two banks in Douala, Societe Generale du Cameroun, telephone (237) 343-00-02 and Cofinest, telephone (237) 343-10-53, have wire transfer services through Western Union. The U.S. Embassy does not provide currency exchange, check cashing or other financial services.

Tourists and business travelers should also note that there is an increasing circulation of counterfeit U.S. and Cameroonian currency in the country. In recent years, business travelers have experienced difficulty in obtaining adequate services from Cameroon's banking sector. Business travelers are also advised that using the services of a local agent is strongly recommended in establishing a presence in the Cameroonian market. Caution is required in pursuing joint ventures and licensing arrangements in Cameroon.