Malayalam News
If you want to send expats a little extra money, send it quickly. Now is the right time for it. All the Gulf currencies are now holding high. The value of the rupee is falling at the lowest rate. The previous day’s exchange rate was Rs 22.65 per UAE dirham.
The Omani Rial has reached Rs 216.08 and the Bahraini Riyal has reached Rs 220.75. The Kuwaiti Dinar touched Rs 270.5 and the Saudi Riyal touched Rs 22.18. Qatar Riyal will get Rs 22.81. All the Gulf currencies experienced the highest exchange rate against the rupee yesterday. There was no price rush on the exchanges. It was the usual rush.
Many will send money back home when they see the exchange rate appreciate. All those who have completed their house work and have debts often take loans and send money back home at this time. Since the onset of the Kovid crisis, those who are experiencing financial difficulties in a big way have not recovered till now. Many companies have cut salaries. Some companies still haven’t scaled it up.
Expatriates see the exchange rate rise as a great blessing. But most of the expatriates will not be able to take advantage of this opportunity as it is half way through the month. Because many people send money back home due to falling salary. Those who are late to send, and those who are yet to send, make the most of this opportunity.
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2023-08-16 12:13:00
