The Key Fact Statement (KFS) - Foreign Currency Exchange Services

The foreign currency exchange services are available through all our locations of Economic Exchange Centre branches i n United Arab Emirates.

Economic Exchange Centre provides and deals with all major Foreign Currency exchange that includes buying and selling of foreign currency.

Foreign Currency Purchase
List of Currencies

Major currencies – US Dollar, Euro, British Pound, Indian Rupees, Australian Dollar, Canadian Dollar, Swiss Franc, Japanese Yen, New Zealand Dollar.

Other currencies – Singapore Dollar, Malaysian Ringgit, Sri Lankan Rupee, Philippine Peso, Bangladesh Taka, Nepalese Rupee, Indonesian Rupiah, Egyptian Pound, Moroccan Dirham, Kuwaiti Dinar, Saudi Riyal, Qatari Riyal, Bahraini Dinar, Omani Rial, Tunisian Dinar etc. as per availability/demand in the market.

Exchange Rate Foreign currency will be exchanged as per the prevailing market rate.
Delivery Time Immediate upon fund acceptance.
Service Charges

AED 2.86 + VAT service charges on buying & selling of foreign currency.

For competitive rates and more details regarding the foreign currency exchange services, please visit our branch or contact our Call Center @ +971522421684, +97143464474.

Foreign Currency Sales
List of Currencies

Major currencies – US Dollar, Euro, British Pound, Indian Rupees, Australian Dollar, Canadian Dollar, Swiss Franc, Japanese Yen, New Zealand Dollar.

Other currencies – Singapore Dollar, Malaysian Ringgit, Sri Lankan Rupee, Philippine Peso, Bangladesh Taka, Nepalese Rupee, Indonesian Rupiah, Egyptian Pound, Moroccan Dirham, Kuwaiti Dinar, Saudi Riyal, Qatari Riyal, Bahraini Dinar, Omani Rial, Tunisian Dinar etc. as per availability/demand in the market.

Exchange Rate Foreign currency will be exchanged as per the prevailing market rate.
Delivery Time Immediate upon fund acceptance.
Service Charges

AED 2.86 + VAT service charges on buying & selling of foreign currency.

For competitive rates and more details regarding the foreign currency exchange services, please visit our branch or contact our Call Center @ +971522421684, +97143464474.

Terms & Conditions for Foreign Currency Exchange Services:

  • Important Notice: Currency once bought or sold can be returned only with a new transaction at the prevailing market rate.
  • Please count your money before leaving the counter and obtain a receipt for your transaction. Neither Economic Exchange Centre nor its employees will be held liable for any claims or shortages thereafter. Economic Exchange Centre has the right to recover any amount paid in excess to the customer due to errors and oversights.
  • Upon signing the receipt, the customer confirms and acknowledges the correctness, authenticity, and legality of all the transaction details and will be held responsible for the same.
  • For corporate customer transaction, Economic Exchange Centre will deal with the person(s) duly authorized by the company supported by an authorization letter signed by the authorized signatory of the company.
  • Important Notice: For transactions paid by cheque, the cheque must be current dated, crossed, and payable to Economic Exchange Centre. Transaction will be valid and released subject to cheque realization and the amount credited in the Economic Exchange Centre bank account. In case the provided cheque is dishonored or rejected for any reason, the customer agrees to settle the full amount in cash along with any variations in the currency rate. In case the issue is not resolved amicably, Economic Exchange Centre shall have the right to take all necessary legal actions to protect its rights and recover all related claims.
  • Any complaints, queries, or feedback on our services can be raised through our official email address customercare@economicexchangecentre.ae or by calling our Call Center at +971522421684, +97143464474.
  • Economic Exchange Centre will not disclose confidential information about the customer to any third party unless required to do so by applicable law or regulation within and outside the region.
  • Important Notice: Transactions conducted by customers are subject to local, federal, and international laws as well as the Central Bank of the UAE regulations. All customer information and supporting documents must be submitted per local and international compliance standards. If deemed suspicious, the transaction may be blocked by any involved party. Customers are fully responsible for proving the legitimacy of the funds and the transaction.
  • Economic Exchange Centre may occasionally send promotional and marketing materials. Customers can opt out at any time. For assistance, email info@economicexchangecentre.com or call +971522421684, +97143464474.
  • For product and service details, visit our website at www.economicexchangecentre.com or contact us via email at info@economicexchangecentre.com or call us at +971522421684, +97143464474.
  • By availing these services, the customer agrees to the waiver of the cooling-off period for immediate commitment.
  • Economic Exchange Centre retains the right to amend the terms and conditions to comply with local laws or internal policies. Customers will be informed via website, branch displays, or digital means.
  • Economic Exchange Centre will provide customers a minimum of 60 calendar days' notice by updating the website prior to implementing changes to terms, services, or fees.

I acknowledge receiving and understand this key fact statement.

Customer Name:

Contact Number:

Customer Signature:

⚠️ Warning

Currency Rates:

Currency once bought or sold can be returned only with a new transaction at the prevailing market rate.

Please count your money before leaving the counter and obtain a receipt for your transaction. Neither Economic Exchange Centre nor its employees will be held liable for any claims or shortages thereafter.

⚠️ Warning

Upon signing the Receipt:

The customer confirms and acknowledges the correctness, authenticity, and legality of all the transaction details and will be held responsible for the same.

By availing these services, customer agrees to the waiver of cooling-off period for immediate commitment.

Economic Exchange Centre retains the right to amend the terms and conditions to comply with local laws or internal policies.

Economic Exchange Centre will provide customers a minimum of 60 calendar days' notice by updating on the website before changes to the terms and conditions of products/services, including changes to service charges or fees.

⚠️ Warning

Original valid ID Such as UAE National ID or Passport with a valid UAE visa must be provided while performing any transaction.

Compliance with Laws: All types of transactions conducted by the customers are subject to local, federal, and international laws as well as the Central Bank of the UAE regulations. The sender and beneficiary will be fully responsible for providing necessary evidence and clarification about any query.

This Key statement is presented to the Customer at the time of registration. By signing the KYC at the counter, the Customer acknowledges the receipt of and understanding of this Key Fact Statement. Further acknowledge that he/she understands the product/ service features, pricing, benefits, risks, warnings, fees and Consumer’s rights and obligations as detailed in the Key Fact Statement. For further information on Economic Exchange Centre Terms & Conditions, customers can visit the Economic Exchange website at https://economicexchangecentre.com/