Originally Posted by
BANANASBANANAS
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?
No - that is exactly what I did. I have a USD account with HSBC in Jersey and had the Provident Fund transferred to them with no problems, it just took about 5 weeks.