Page 149 - AAE PR REPORT - APRIL 2025

4/4/25, 9:07 AM Al Ansari Exchange closely monitoring global currency markets amid new US tariffs - Mubasher Info
Al Ansari Exchange further stated that this shift presents both challenges and opportunities for individuals and businesses across the UAE.
The depreciation of the US Dollar against currencies like the Euro, Japanese Yen, and Chinese Yuan may pose challenges for UAE residents
sending remittances to countries with strengthening currencies.
Meanwhile, the Indian Rupee (INR) has declined against the US Dollar following the recent tariff announcements.
In early morning trade on 3 April 2025, the INR weakened by 24 paise against the US Dollar. The same depreciation was also seen against other
Asian currencies such as the Pakistani Rupee and the Philippine Pesos.
This development comes to the benefit of the UAE residents remitting funds to India, as favorable exchange rates may enhance the overall value
received.
Al Ansari Exchange offers tailored solutions for businesses in the UAE to effectively manage currency risk and leverage exchange rate movements.
It is worth noting that Al Ansari Digital Pay, another subsidiary of the listed Al Ansari, recently obtained final approvals from the Central Bank of the
UAE (CBUAE) for both the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses.

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