Dubai, UAE – A group of banking and money transfer institutions in the UAE confirmed that the transfer movement to and from the country is normal and has not been affected by tensions in the region.
She also confirmed that there was no increase in transfer fees, or change to the daily transfer ceiling in effect before.
While all digital channels and branches of exchange companies operate at their usual efficiency.
Chairman of the Group’s Board of Directors, Osama Al Rahma, said that the movement of financial transfers to and from the UAE is witnessing remarkable regularity and stability in various banking channels and exchange companies operating in the UAE.
In light of an advanced financial system and control procedures that ensure the speed and security of operations.
Al Rahma added that international money transfers are proceeding normally without any obstacles, whether for individuals or companies.
With the continued high demand for transfer services, especially from residents who send their transfers to their countries periodically.
He pointed out that previous experiences in the financial sector, including exchange companies, have led to an accumulation of expertise in dealing with tensions and emergency events, such as what happened during the Corona pandemic.
In fact, the current situation regarding traders’ ability to move is better, and thus they can move between different transfer channels.
Whether by visiting the branch or using applications and the website, stressing that all digital services work without being affected.
For his part, Chairman of the Board of Directors of Al Ansari Exchange Group, Mohammed Al Ansari, confirmed that the financial transfer movement in the country is normal and there are no changes.
There is also no impact of current events in the region on the transfer movement.
He expected that the last week of Ramadan would witness an increase in remittances.
Due to the keenness of a large number of residents of the country to send money to their families in their home countries.
