Originally Posted by
DCS99
Thanks!
I have the same plan but do Emirates NBD convert to USD at the official 3.673 rate?
If they use the rate of 3.76 which seems to be the norm for Credit Card payments that's several 000 USD down the pan.
Good question and I don't know the answer.
In my naivety, I thought that as the Prov Fund was denominated in $ and I had arranged a $ account to accept the funds then the $ value of the Prov Fund at closure would be transferred in full, in $, to my offshore $ account without ever passing through a AED account.
Or is that too sensible?