Key Fact Statement (Foreign Currency Exchange)

The foreign currency exchange services are available through all Economic Exchange Centre branches. 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 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 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, feedback on our services can be raised through our official email address customercare@economicexchangecentre.ae or our Call Center @ 97143796555, +97143464474.
  • Economic Exchange Centre will not disclose confidential information about the customer to any third party unless it is required to do so by any applicable law or regulation within and outside the region.
  • Important Notice: Transactions conducted by the 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 provided as per the requirements of local and international regulations and standards. The transaction may be blocked by any party involved if found suspicious. The customer will be fully responsible for providing necessary evidence and clarification about any query, including the source of fund, to prove legitimacy and legality of the information and fund involved as well as any follow-ups required with the concerned authorities to affect the payment or claim a refund. In such cases, Economic Exchange Centre will not bear any responsibility.
  • Economic Exchange Centre containing transactional, promotional and marketing material about our products and services from time to time. We will provide you the option to opt-out of our promotional and marketing communication. You may, also, contact us on customercare@economicexchangecentre.ae or our Call Center @ 97143796555, +97143464474.
  • For further inquiries and details on terms and conditions of all Economic Exchange Centre products and services, please visit our website (www.economicexchangecentre.com) Call Center @ 97143796555 or email us at +97143464474. customercare@economicexchangecentre.ae
  • 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. Customers will be informed of any such changes via the website, branch disclosures, or electronic facilities.