In the UAE, manager’s checks are issued only in the national currency, the dirham (AED). But many foreign investors and buyers have a question: what if their funds are in rubles or hryvnia? Is it still possible to obtain a manager’s check in Dubai?
Direct exchange at the bank
Please note that banks in the UAE do not accept rubles or hryvnias directly for account deposits. They typically require a currency similar to USD or EUR. Therefore, if you visit a bank with rubles or hryvnias, they will not be accepted.
How to act in practice
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Using exchange services:
The most common option for Russians and Ukrainians is to first exchange rubles or hryvnias for dirhams through specialized services. After the exchange, the cash can be deposited into a UAE bank account and issued a manager check. -
Transferring via dollars or euros:
Another option is to transfer rubles or hryvnias to a foreign currency account in your country, convert them to USD or EUR, and send them via international transfer to a UAE bank. There, the funds are credited, converted to AED, and you can then order a manager check.
What is important to consider
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Conversion through exchange services is often faster and more profitable than standard international transfers.
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Banks require proof of the source of funds, so prepare documents: statements, contracts, income certificates.
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You can only order a check manager once the money has reached your UAE bank account in dirhams.
Result
Yes, you can issue a manager check in dirhams, even if you originally held your money in rubles or hryvnias. However, the bank won’t accept them directly; you’ll need to either exchange your money through a service or convert it into a more common currency. In practice, most clients use the first option, as it’s faster and more convenient.
