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CFA francs for someone in Abidjan
The people sending from Singapore and Singapore to Côte d'Ivoire tend to know exactly what the recipient needs in CFA francs. A rate that moves between send and settlement breaks that.
Grey fixes the USD to XOF rate when you confirm and pays into SGBCI, Ecobank Côte d'Ivoire, NSIA Banque, BICICI or any Ivorian bank. Côte d'Ivoire's cocoa and cashew trade runs through Asian buyers, and Asian firms pay Abidjan suppliers.
How sending to Cote d'Ivoire works
Sign up
Opening takes a passport or NRIC and a selfie. What you get is a foreign-currency account in Singapore that can pay out to Côte d'Ivoire. Grey works with licensed partners serving Singapore.
Fund
Hold your foreign earnings in USD on Grey. When a payment to Côte d'Ivoire is due, convert exactly that amount to XOF and send.
Send
Côte d'Ivoire uses a RIB as well. Copy it from the recipient's SGBCI, NSIA or Ecobank statement, confirm the XOF figure, and tap send.
The cost of a transfer to Abidjan
Grey shows one rate, USD to XOF, and one fee. Both are fixed before you send from Singapore. The amount that reaches Abidjan matches what you were shown.
What you agree is what arrives
The rate you accept in Singapore is the rate applied. Movements in either currency afterwards don't touch what arrives at SGBCI, Ecobank Côte d'Ivoire, NSIA Banque, BICICI.
Abidjan is a serious trade hub, yet the payments behind that trade are often priced like small gifts with wide spreads nobody questions.
What Singapore-based senders put up with before
Banks in Côte d'Ivoire charge receiving fees on international wires and sometimes hold them for review. A payment from Singapore that lands as a domestic XOF credit at SGBCI, Ecobank Côte d'Ivoire, NSIA Banque, BICICI clears faster and arrives whole.
On the receiving side
The person in Abidjan gets what they'd get from a local transfer: XOF credited to their account at SGBCI, Ecobank Côte d'Ivoire, NSIA Banque, BICICI. No collection, no code, no receiving fee. Confirmation shows in your app in Singapore at the same time.
SGBCI and the rest
Every bank in Côte d'Ivoire is covered, from the big names to regional ones.
Domestic credit
Your recipient sees a normal XOF deposit, not an international wire.
Confirmation in Singapore
The app in Singapore shows settled the moment Abidjan receives it.
Funding from Singapore, in practice
Before the XOF reaches Abidjan, the money has to get onto Grey in Singapore. Singapore-based senders fund Grey from foreign employers or clients paying in USD, EUR or GBP. That balance sends onward in one step. Hold the balance in dollars and convert to XOF exactly when the payment to Abidjan is due.
Get paid to Grey
USD, EUR or GBP account details in your name.
Keep it in dollars
Convert to XOF only when Abidjan needs paying.
Send in one step
Rate shown, fee shown, XOF delivered.
If the XOF amount matters more than the USD amount, enter the XOF figure first and let Grey work back to what you'll pay.
Who this route is for
Trade
Payments to suppliers and market stallholders in Adjamé and Treichville.
Students
Fees at Félix Houphouët-Boigny University and private institutes in Cocody.
Business
Paying Abidjan-based staff, agents and contractors in CFA francs.
Family support
Monthly transfers to relatives in Abidjan, Bouaké, Yamoussoukro and San-Pédro.
The senders on this corridor are easy to describe. Singapore is a regional HQ city. Professionals paid by foreign employers or clients hold USD on Grey. Côte d'Ivoire's cocoa and cashew trade runs through Asian buyers, and Asian firms pay Abidjan suppliers.
Why senders in Singapore switch
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