Niger - Foreign Exchange ControlsNiger - Foreign Exchange
Niger's Investment Code offers the possibility to transfer income of any kind, including capital investment and the proceeds of investment liquidation, regardless of the destination. There are no restrictions or limitations placed on foreign investors in converting, transferring, or repatriating funds associated with an investment, including remittances. Funds are freely convertible into any world currency.
Niger benefits from a foreign exchange system that is free from restrictions on payments and transfers. Foreign exchange payments are still submitted to the Ministry of Finance for authorization, then are submitted and executed by Niger’s commercial banks. There is free convertibility of the CFA franc via the banking system for commercial transactions. The rate varies daily according to the Euro-U.S. Dollar rate. CFA franc banknotes are not legal tender outside of the WAEMU. Travelers may exchange foreign currency for CFA francs without limit at commercial banks. However, currency conversions above 2 million CFA (approximately $3,448) must be approved by the government, usually resulting in delayed capital transfers. Such delays serve to discourage investment from abroad, particularly by the Nigerien diaspora.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Niger benefits from a foreign exchange system that is free from restrictions on payments and transfers. Foreign exchange payments are still submitted to the Ministry of Finance for authorization, then are submitted and executed by Niger’s commercial banks. There is free convertibility of the CFA franc via the banking system for commercial transactions. The rate varies daily according to the Euro-U.S. Dollar rate. CFA franc banknotes are not legal tender outside of the WAEMU. Travelers may exchange foreign currency for CFA francs without limit at commercial banks. However, currency conversions above 2 million CFA (approximately $3,448) must be approved by the government, usually resulting in delayed capital transfers. Such delays serve to discourage investment from abroad, particularly by the Nigerien diaspora.
Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.