When it comes to the basic unit of currency for Niger, it is the West African CFA franc (XOF). The West African CFA franc is also used by several other countries in West Africa, including Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Senegal, and Togo.

The West African CFA franc is issued by the Central Bank of West African States (BCEAO) and has been the official currency of Niger since 1973. It is divided into 100 smaller units called centimes.

One of the reasons for the adoption of the West African CFA franc by Niger and other countries in the region is the economic and monetary integration that exists among them. This integration promotes stability and facilitates trade between the member countries.

The West African CFA franc is pegged to the euro at a fixed exchange rate of 1 euro to 655.957 XOF. This fixed exchange rate is maintained through a currency arrangement between the BCEAO and the French Treasury, as the currency used to be tied to the French franc before the introduction of the euro.

As Niger's basic unit of currency, the West African CFA franc is widely accepted throughout the country. It is used for everyday transactions, including buying goods and services, paying bills, and conducting business.

It is important for visitors to Niger to be aware of the local currency and its value in order to effectively manage their finances while in the country. Currency exchange services are available at banks and exchange offices, and major hotels and tourist establishments may also accept foreign currencies, such as US dollars or euros.

Overall, the West African CFA franc serves as the backbone of Niger's economy, providing a stable and reliable means of conducting financial transactions within the country and facilitating economic integration with other West African nations.

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