- Use promo code 3FREE to get three free transfers
- Easy to use with round-the-clock help
- Get cash to family and friends in minutes
Comoros is amongst the poorest nations in the world, with the potential of becoming a holiday paradise owing to its picture perfect beaches. The nation, for some time, has been trying to get some kind of political stability in the midst of tensions between the central government and semi-autonomous islands.
Natural resources in Comoros are in short supply. Its chief exports, which include cloves, vanilla and perfume essence, remain subject to price fluctuations. Money sent home by Comorians living overseas accounts for a significant percentage of the nation’s annual budget. It also depends heavily on foreign aid.
People from the UK send money to Comoros for different reasons. In any case, learning about your options will hold you in good stead.
Work got Abdillah Hassani to the UK. While he moved to the UK, his wife and children stayed back in Comoros. To take care of their day to day expenses he had to send them some money periodically.
Given his earnings, he figured he could send around GBP500 every month. Using his bank to transfer the money was an option. However, he wasn’t sure if it was his best bet as they didn’t offer this exotic currency. Upon comparing his alternatives, this is what he found.
|Money transfer service 1||Money transfer service 2|
|Exchange rate||GBP1 = KMF614.581539||GBP1 = KMF624.24591|
|Amount received for £500||KMF307290.77||KMF312,122.96|
|Transfer time||One day||One day|
|Transfer options||Cash pickup||Bank account and cash pickup|
After he made this comparison it was clear to Abdillah that choosing the second money transfer company was in his best interest. Not only did it offer a better exchange rate, it also charged lower fees. This resulted in his wife in getting some extra money. Besides, he could transfer the money directly into her bank account.
Several factors need your attention when you’re looking for the most suitable money transfer company. These include:
Sending money to Comoros from the UK gives you multiple options, which fall into two basic categories:
If you’re expecting some money from Comoros, you can get it in different ways. Your options include:
Losing your wallet and money is never a good thing. If this happens when you’re in Comoros you should start by cancelling your credit and debit cards. To get some emergency money, you can consider these options:
Western Union and MoneyGram have several cash pickup centres in Comoros. When visiting one to collect money, you’ll have to provide a reference number along with a suitable form of identification such as your passport or driver’s license. If you plan to collect a large sum, calling ahead of time to find out if the provider has enough money is a good idea. Here are some cash pickup locations in Comoros.
Crime levels in Comoros are low. However, you should take precautions to safeguard yourself against mugging and pick-pocketing. For instance, refrain from venturing out alone at night. Keep your valuables and cash safely.
Remember that cash is the primary way of making payments in Comoros. While some hotels accept credit cards for payments you may face technical or connection problems. Cash machines found in Grande Comore don’t always work. There is one established bank in Grande Comore, which is the Banque International du Comore (BIC). Other islands have little in terms of banking facilities.Back to top
This depends on the method you choose:
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.