• P B No. 29395, Dubai, UAE
  • +971 4 3933874

Company Identity

City Exchange LLC is one of the major money exchanges in UAE having more than 20 years of its presence in UAE, specialized in India Based remittances. City Exchange llc was established in the year 1997 with the first branch in Bur Dubai.Over the last 20 years it has established its presence in 5 Emirates with 18 branches. It enjoys the management support from State Bank Of India., the bank which has entered into the league of top 50 global banks. The Company utilizes the expertise of the officers from State Bank of India to run the Business.

Managing Director of the Company is Mr. Akbar Mustafa A Redha Sultan, who is also the Vice Chairman of the Mustafa Sultan Enterprises, a prominent business group in Oman with diversified business interests. Ms. Jayasree Ramachandran, on deputation from State Bank of India, is the General Manager of the Company.

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Exchange Rates

Sell Buy Sell
Indian Rupee 0.05779 0.054 0.059
Pakisthani Rupees 0.03327 0.029 0.035
Philippine Peso 0.07309 0.063 0.075
Bangladeshi Taka 0.04415 0.038 0.048
Nepalese Rupee 0.03615 0.025 0.038
Sri Lankan Rupee 0.02395 0.020 0.028
US Dollar 3.6903 3.66 3.675
British Pound 5.0669 4.90 5.07
Euro -- 4.38 4.50
Saudi Riyal 0.982 0.96 0.99
Omani Rial 9.678 9.50 9.70
Kuwaiti Dinar 12.266 12.00 12.20
Bahraini Dinar 9.804 9.60 9.80
Singapore Dollar -- 2.67 2.79

Rates are indicative and subject to change. Contact our nearest branch for the latest rates.

  • Market movement for year 2017

    The Indian Rupee witnessed a turnaround against the US dollar during 2017. Starting at Rs.67.95 per USD at the beginning of the year, the Indian currency has been under pressure against the greenback which had strengthened during the last quarter of 2016. Socio e...

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  • New Year Greetings

    City Exchange wishes you a Happy and Prosperous Year 2018 ...

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  • VAT on Services

    As per UAE Federal Tax Authority‚Äôs decree law no 8 of 2017, 5% VAT is applicable on Service charges for all type of transactions with effect from 01.01.2018. It may be noted that VAT will be applicable only on the service charges and there will&...

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  • Evening Market updates: 15.01.2018

    The Indian rupee opened stronger today at Rs.63.49 per USD up by 12 paise as against previous day closure. Rupee had opened at 63.60 and closed flat at 63.61 on Friday. The Indian rupee though further strengthened in the early trade gradually slipped as the day progressed.USD ...

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  • Morning Market Updates: 16.01.2018

    The Indian rupee opened lower today at Rs.63.60 per USD down by 11 paise as against previous day closure. Rupee had opened at 63.49 and closed flat at 63.49 on Monday. The Indian rupee is seen slipping down in line with rest of the currencies during the morning trade. The widening ...

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