Foreign Currency Services

In compliance with the CBI regulations, IVBB offers foreign currency services to corporate and personal customers as follows:

  • Opening foreign currency accounts (both Non-Interest-Bearing Accounts and Long/Short term Investment Deposits) as follows:

Deposit Tenor

US Dollar (USD)

Euro (EUR)

UAE Dirham (AED)

1 year

1.5%

1.5%

1%

6 months

1%

1%

0%

3 months

0.5%

0.5%

0%

1 month

0%

0%

0%

· Purchasing foreign currency funds (both cash and TT) from our clients at the best possible rates.

· Exchanging foreign currencies

· Buying/Selling foreign currency funds based on import request of our clients and CBI allocation.

The following tables is the foreign currency facilities and services IVBB offers.

Foreign Currency Facilities

Foreign Currency Guarantees

Foreign Currency Documentary Credits (export & import)

Foreign Currency Promissory Notes

 

Foreign Currency Services

Foreign Currency Remittance (outward & inward)

Foreign Currency Transactions

SWIFT Services

Other

Online Banking Services

Interbank Checks

Bank Checks

Interbank Remittance


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