Now pay with Indian rupee at all stores in Dubai’s airports

Now pay with Indian rupee at all stores in Dubai’s airports

Indian travelers visiting Dubai have a reason to be happy. Now, you don’t need to convert the Indian rupee at any duty free shop in Dubai’s airports. Since July 1, all duty-free shops have started accepting Indian currency for transactions. The service is availed on purchases worth anywhere between Rs 100 and Rs 2,000. But the remainder amount or the change will be returned in UAE dirhams, not in rupees. This also implies that you can spend your change in case you’re just transiting. Earlier, Indian travellers had to convert the rupee into Dollar, Dirham or Euro before shopping at duty free shops. With the new initiative, Indian currency is the 17th currency which is accepted at Dubai airports.

The facility has been arranged on all three terminals of Dubai International, as well as Al Maktoum International airport. As Indian tourists form the highest number of international overnight visitors in the emirate, the new move will be more helpful for the travelers.

Indian Rupee Denominations Accepted

At present stores are accepting the notes of various denominations including 100s, 200s, 2000s and 500s (only the new 500 notes). Those who make purchases in Euros, Pounds or Dollars will however, receive change in those same currencies. The Indian rupee is the 16th international currency to be accepted at Dubai’s airports.

Indian Rupee Denominations Accepted
Indian Rupee Denominations Accepted

Impact of Indian Currency in Dubai Duty Free’s Business

Dubai duty free is one of the biggest retail operators in the world and it’s widely popular among Indians. Passengers to and from India are key customers for Dubai’s airports. Last year, out of 90 million passengers who used Dubai airports, 12 million were Indians travelling to or from India. Also, the sales to Indian passengers are a significant portion of Dubai Duty Free’s business. In 2018, Dubai Duty Free recorded annual sales of US$2.015 billion with Indian passengers accounting for 18 per cent of it. Currently, Dubai Duty Free employs over 6,000 staff hailing from 47 different countries and Indians stand to be the second biggest group of its employees.

 

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