Mumbai: In a relief from the struggle of converting Indian rupees into dirham when on a shopping spree in Dubai, starting July 1, all Dubai Duty - Free stores have begun accepting the Indian rupee for financial transactions. According to media reports, the Indian Rupee is the 16th foreign currency to be accepted at Dubai Duty Free.
Confirming the news, Duty Free officials released a statement stating Dubai Duty Free started accepting Indian rupee on July 1 and the rupee will be accepted in all point of sales (POS) of Dubai Duty Free in Terminal 3, Terminal 1, Terminal 2 of Dubai International Airport and in Al Maktoum International Airport.
The statement added, "At present the following denominations are being accepted: 100s, 200s, 500s (only the new one as earlier one is out of circulation) and 2000's."
The officials also said when paying Indian rupee the change will be in UAE dirham. "only US Dollar, Euro and Sterling Pound are being exchanged in the same currency," it added.
In 2018, Dubai Duty Free recorded an annual sales of US$2.015 billion with Indian passengers account for 18 per cent of its business. Dubai Duty Free currently employs over 6,000 staff hailing from 47 different countries, with Indians as the second biggest groups of employees.
