The modern world demands fast and convenient solutions for transferring money between countries. Bank SWIFT transfers can take days, fees often eat up a significant portion of the transfer amount, and for some destinations, transfers are completely difficult. Against this backdrop, more and more people are choosing the cash-to-cash format —receiving cash in another country without traditional banking involvement.
What is cash-to-cash?
Cash-to-cash (or “cash to cash”) is a scheme in which a person deposits cash in one country, and their partner or relative receives the equivalent in another.
For example:
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In Kyiv, a client transfers $10,000 to an intermediary.
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Within a few hours, his partner receives Dh36,700 in cash at his partner’s office in Dubai.
The client does not need to transport money across the border, open a bank account, or wait a week for the transfer.
Why is cash-to-cash gaining popularity?
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Speed. You can receive your money the same day. For many, this is a decisive factor.
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Simplicity. Minimum paperwork, no complicated formalities.
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Currency flexibility. You can exchange rubles, hryvnias, dollars, and euros—and receive the result in dirhams or another currency.
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Relevance in the context of restrictions. Bank transfers are not always convenient or possible on the Russia-UAE and Ukraine-UAE routes.
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Habit and convenience. Many entrepreneurs and individuals have already become accustomed to this method, finding it faster and more straightforward than working through a bank.
Advantages of cash-to-cash
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Receiving money “here and now”.
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The ability to work with different currencies, even those that banks do not convert directly.
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Accessibility for those who do not have an account in an international bank.
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Convenience when traveling and doing business in Dubai, where cash dirhams are often needed.
Disadvantages and nuances
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Dependence on intermediaries. It’s important to check who you’re working with.
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Fees. They may be higher than official bank transfers, but you save time.
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Not for large transactions. For real estate or car purchases, it’s better to use a manager check or bank transfer.
Where cash-to-cash is especially in demand
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Russia – UAE : Convert rubles to dirhams for business or personal expenses.
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Ukraine – UAE : a convenient way to transfer hryvnias without banking restrictions.
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International trade routes : settlements between entrepreneurs for whom speed is important.
Result
Cash-to-cash has become popular due to its speed, convenience, and flexibility. This format is ideal for everyday needs, travel, and quick transfers to Dubai or other countries. However, for large official payments, it’s best to combine this instrument with more formal methods, such as a bank check or wire transfer.
