How to send money to Senegal in 2026: the CFA franc at 655.957 per euro, instant payments and a 24-character account number
From abroad money reaches a Senegalese account by bank transfer in 1-3 business days; the sender needs the 24-character number and the owner's name. Dakar banks convert euros into CFA francs at a fixed 655.957. In 2026 a small sum needs only a payment purpose, and from $10,000 six-month statements and proof of earnings.
In short
- The CFA franc is pegged to the euro: 655.957 francs per euro.
- The rate on 7 October 2026 is 586.88 francs per dollar.
- Instant payments have worked around the clock in the union's 8 countries since 30 September 2025.
- An account number at a bank in Senegal has 24 characters.
In detail
Money is sent to Senegal to an account at a bank in the country: the recipient gives a 24-character account number, and the transfer takes 1-3 business days. Senegal's currency, the CFA franc, is pegged to the euro at 655.957 francs per euro, so a transfer from the euro area arrives with no rate swings, while against the dollar the rate moves with the euro: on 7 October 2026 it was 586.88 francs. Since 30 September 2025 instant payments have worked within the union's 8 countries.
| Method | In 2026 | Timing | What you need |
|---|---|---|---|
| A bank transfer to an account in Senegal | works | 1-3 business days | a 24-character account number, the name |
| A transfer from euro area countries | at 655.957 francs per euro | 1-3 business days | a 24-character account number, the name |
| An instant payment within the union | around the clock in 8 countries | at once | the recipient's details in the system |
| An e-money transfer between operators | through the instant payment system from 2 November 2026 | at once | the recipient's wallet number |
The CFA franc rate is from the Central Bank of West African States for 7 October 2026: 586.88 per dollar. The table rows apply in 2026, dollar sums are rounded up.
The CFA franc: 655.957 per euro and one currency for 8 countries
Senegal is part of the West African Economic and Monetary Union: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo share the CFA franc and the Central Bank of West African States headquartered in Dakar. The rate to the euro is fixed: 655.957 francs per euro. The rate to the dollar moves with the euro rate:
| Date | CFA francs per dollar |
|---|---|
| 2 January 2026 | 559.64 |
| 6 October 2026 | 582.09 |
| 7 October 2026 | 586.88 |
Reference rates of the Central Bank of West African States for these dates. At the rate of 7 October 2026, $1,000 gives 586,880 CFA francs, and $10,000 gives 5,868,800. Since the start of the year the dollar has risen in francs by 4.9% because the euro has fallen.
Life in the capital is described in the Dakar guide.
Sending money to Senegal from a country without the euro? A manager will work out a route with one exchange into euros or CFA francs, without a double conversion on the way.
Instant payments in Senegal and neighbouring union countries
The Central Bank of West African States officially launched the instant payment system on 30 September 2025 in Dakar. It works around the clock in all 8 union countries, 175 banks, e-money operators and other participants are connected to it, and more than 38 million people can use it. A single code serves for payment across all 8 countries.
| Date | What changes |
|---|---|
| 30 September 2025 | the system is launched in the union's 8 countries |
| 2 November 2026 | e-money transfers between different operators within the union go through the system |
| 1 June 2027 | transfers between union countries at the price of domestic transfers |
Dates are from the Central Bank of West African States in 2026. Domestic transfers are free up to 8,000 CFA francs ($15) a day.
An account number at a bank in Senegal has 24 characters: the bank code, the branch code, 12 characters of the account itself and a key. The recipient gets it from the bank and passes it to the sender in full, with nothing left out.
We will help you send money to Senegal
Mistakes cost more than fees: dollars exchanged into euros and then into CFA francs with a double loss, the key missing from the 24-character account number, a transfer sent through a chain of banks with extra fees, a bank in Senegal with no papers on the origin of the money. We will help you avoid them: we choose a legal transfer route from your country, prepare documents on the origin of the money for the bank in Senegal and carry out the transfer through licensed partners through to crediting.
Details and the cost are with a manager in the chat: the calculation depends on the amount, the currency and the sending country.
A transfer to Senegal from $10,000: papers for a bank in Dakar
A Senegalese bank asks about the money in more detail the larger the sum. In 2026:
| Amount | The question from a bank in Senegal | What to show |
|---|---|---|
| Up to $10,000 | the purpose of the transfer | the 24-character account and a short explanation |
| $10,000-$100,000 | the origin of the sum | statements for 6 months, an income certificate |
| From $100,000 | the whole chain of the money | a property sale contract, a tax return, statements |
How to put together papers on the money is covered in proof of source of funds, sending a large sum abroad and moving home sale proceeds abroad.
Buying a home in Dakar or investing $100,000 or more in a business in Senegal? A specialist will put together documents on the origin of the money for the bank in Senegal and carry out the transfer through licensed partners through to crediting; ways of moving capital are on the capital relocation page.
From Dakar to Europe and America: where transfers go
From Senegal money most often goes for studies and to families in France, Italy and Spain:
- France - a notary is paid only by transfer
- Italy - a tax code and a 27-character account
- Spain - a 24-character account number
- USA - deposits insured up to $250,000
Sending money to neighbouring countries
- Ghana - the cedi is the only currency within the country
- Nigeria - a 10-digit account number
- Gambia - the dalasi and $872.1 million in transfers in 2025
- Mauritania - the ouguiya in a band of 36.86-40.74 per dollar
Capital as a whole is moved following the plan on the capital relocation page.
FAQ
How many CFA francs do you get for a euro?
How many CFA francs do you get for a dollar in October 2026?
How many characters are in a bank account number in Senegal?
Do instant payments work between Senegal and neighbouring countries?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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