Remittances to Ivory Coast

Ivory Coast, also known as Cote d’Ivoire is a country located in the southern part of West Africa, it has enjoyed vibrant and steady economic growth since 2012. This country has the largest economy in the West African Economic and Monetary Union as it constitutes 40% of the Monetary Union’s Gdp. While a large percentage of its GDP comes from production and exportation, some part of it also comes from remittances.

Remittances are basically funds received from citizens working in other countries, and it is one of the largest sources of foreign income for developing countries like the Ivory Coast. Remittances have helped lower poverty and also boost flow.

In this indicator, we provide data for the Ivory Coast from 2005 to 2020. The Country’s remittance was at its peak in 2020 as it had a total of $204,628,454 and was at its lowest in 2005, with a total of $1,889,017.

There has been a steady increase in remittances over the past years and this has contributed largely to the country’s economy.

Not only are remittances large but they are also more evenly distributed among developing economies like that of the Ivory Coast than capital flows, including foreign direct investment. Remittances are especially important for low-income countries and account for nearly 4 percent of their GDP, compared with about 1.5 percent of GDP for middle-income countries.

Remittances are typically carried out through remittance agents such as ATL money transfers. ATL money transfer is a globally trusted money transfer platform located in London, United Kingdom. We conduct thousands of international remittances and other forms of transactions daily.  Our mission is to make money transfer transparent and secure for everyone; we provide financial inclusion to millions of people with great exchange rates and low fees. Sending money to the Ivory Coast has been made easy through our platform, we provide an easy-to-use user interface thereby making it easy to navigate through our site and We also guarantee 100% secure transactions, at a low fee.

Can I make a payment to the Ivory Coast using your Platform

Yes, To send money to the Ivory Coast using this platform, simply follow the steps below;

  • Visit the website or download the ATL money transfer app
  • Enter the amount you wish to transfer
  • Fill in the details of the recipient
  • You will then be directed to the payment section, after which your transaction is complete.

How long will my Payment Take?
This is highly dependent on the chosen mode of Transfer. But all Payments require a maximum of 24 hours to complete.

At ATL money transfer, we are devoted to providing you with a swift and seamless experience. All transactions conducive by us are secure, we are registered as a Money service business and regulated by the Financial Conduct Authority (FCA). To learn more, click here

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