Central Bank revokes Dollar exchange house licence
The Central Bank of the UAE (CBUAE) has revoked the operating licence of Dollar exchange house, effective immediately. This affects all customers holding accounts or conducting transactions with the entity. Customers must cease dealings with Dollar exchange house and recover any funds or documents held there without delay.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Cease all transactions with Dollar exchange house immediately. Recover any funds, cheques, or documents held with the entity. Contact CBUAE or your bank if you have outstanding claims.
Source
“The Central Bank of the UAE (CBUAE) has revoked the operating licence of Dollar exchange house, effective immediately.”
— Central Bank of UAE, 28 Feb 2023
Source: Central Bank of UAE — official 28 Feb 2023 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Cease all transactions with Dollar exchange house immediately. Recover any funds, cheques, or documents held with the entity. Contact CBUAE or your bank if you have outstanding claims.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
28 Feb 2023.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-revokes-the-licence-of-dollar-exchange-house/
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