A group of financial and money transfer institutions in the country has confirmed that the flow of transfers into and out of the country is normal and has not been affected by regional tensions. It also confirmed that there have been no increases in transfer fees or changes to the existing daily transfer limit. All digital channels and branches of exchange companies are operating at their usual efficiency. According to the Chairman of the Group's Board of Directors, Osama Al Rahma, speaking to 'Emirates Today', financial transfers into and out of the UAE are showing remarkable regularity and stability across various banking channels and exchange companies operating in the country, thanks to an advanced financial system and regulatory measures that ensure speed and security of operations. Al Rahma added that international money transfers are proceeding normally without any obstacles for both individuals and companies, with continued high demand for transfer services, especially from residents who regularly send transfers to their home countries. He noted that past experiences of the financial sector, including exchange companies, in dealing with tensions and unexpected events, such as during the 'COVID-19' pandemic, have led to the accumulation of expertise in handling such situations. Moreover, the current situation regarding the ability of customers to navigate is even better, allowing them to switch between different transfer channels, whether by visiting a branch or using apps and the website, while all digital services are functioning without any impact. In turn, the Chairman of the Board of Directors of Al Ansari Exchange Group, Mohammed Al Ansari, confirmed that the flow of financial transfers in the country is normal and that there are no changes, nor is there any impact of current regional events on the transfer movement. He expects that the last week of Ramadan will see an increase in financial transfers, as a large number of residents in the country are keen to send money to their families in their home countries. Al Ansari told 'Emirates Today' that the advanced digital infrastructure of the financial sector plays a crucial role in facilitating transfers through banking applications and online platforms, which has contributed to reducing transaction processing times and enhancing the efficiency of financial services. He affirmed that the regulatory policies supervised by the Central Bank of the UAE have helped boost confidence in the financial system and ensure the smooth flow of money across borders while adhering to international standards. He pointed out that daily transfer operations are recording stable levels, with sufficient liquidity and continued connectivity to global payment systems, which supports the ability of customers to conduct transfers quickly and reliably. This regularity reflects the strength of the country's financial sector and its ability to deal with global economic changes while maintaining a high level of operational efficiency and services provided to customers within and outside the country.
