shortage of USD hard currency - and increase in exchange…
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shortage of USD hard currency - and increase in exchange rate
went to Al Ansari Exchange today to buy some USD, and their sell rate for USD was AED 3.69, which is higher then the usual 3.675. Impact is an additional AED 15 for every USD 1,000 you purchase.
I asked the guy at counter, and he mentioned that there is shortage of USD hard currency as everyone is buying USD given the current situation. Plus as tourists are not coming in, they are not seeing buying any USD for AED - hence the shortfall.
#local
went to Al Ansari Exchange today to buy some USD, and their sell rate for USD was AED 3.69, which is higher then the usual 3.675. Impact is an additional AED 15 for every USD 1,000 you purchase.
I asked the guy at counter, and he mentioned that there is shortage of USD hard currency as everyone is buying USD given the current situation. Plus as tourists are not coming in, they are not seeing buying any USD for AED - hence the shortfall.
#local
| 3,000 mlx | |
| 6 | |
| 0 |