In a recent development, Indian tourists and expatriates in Dubai have encountered obstacles while attempting to exchange their Rs2,000 Indian currency notes. The Indian government’s decision to withdraw these banknotes from circulation has prompted money exchanges in the UAE to refuse acceptance of the Rs2,000 bills.

The central bank of India has advised individuals to either deposit their Rs2,000 banknotes into their accounts or exchange them for different denominations at any branch of a bank. This recommendation was introduced as part of the demonetisation process six years ago, which involved the withdrawal of Rs500 and Rs1,000 notes.

However, several prominent exchange houses in Dubai, including those located in popular commercial areas and airports, have implemented policies declining the acceptance of Rs2,000 bills

According to Khaleej Times, some exchange houses have expressed uncertainty and are reluctant to accept large amounts of these banknotes.

To navigate this situation, it is advisable for individuals to approach their respective banks in India before traveling to Dubai. By converting their Rs2,000 bills into other accepted denominations beforehand, they can ensure a smoother experience in the UAE.

Recommended

Get Ready To Sip, Play, And Score Over 1 Million AED At Barasti’s Exciting Life-Sized Board Game Experience!Pay Just AED 66 For A Taxi Between Dubai & Abu Dhabi!Dubai Police Celebrates Indian Hero For Returning AED 100,000

Through this intervention, the Indian government aims to address concerns related to counterfeit currency and unaccounted wealth

Watch The Lovin Dubai Show: The Michelin Stars For 2023 Have Been Revealed…

ALSO READ: Sujith Varghese Is The First Person of Determination In A Wheelchair To Became A Personal Trainer In Dubai

Get the latest Dubai news direct to your phone RN! Download The Lovin Dubai app for free RIGHT HERE (App Store) (Play Store) to get the latest trending stories to your phone.

Subscribe to our Newsletter.

Get the best of your city straight to your inbox.