Users of the First-BTC service can now take advantage of the new withdrawal method – Manager Cheque in Emirati Dirham.
This innovation will be appreciated by people who do business or have financial obligations in Dubai. The convenient and reliable method of money transfers through manager cheques has long been gaining popularity in the UAE, England, the USA, and other progressive countries around the world.
Manager Cheque in AED
The mechanism of transferring funds using a manager cheque is similar to a conventional bank cheque but has several advantages:
- The Manager Cheque is always certified by an authorized representative of a specific bank branch.
- The funds from the sender’s account have undergone necessary checks and were frozen at the time of cheque issuance, guaranteeing the availability of funds and their legitimate origin.
- The cheque is issued for a specific recipient, and the funds can only be unlocked by returning it to the bank.
The Emirati Dirham is the official currency of the UAE, represented by the symbol “د.إ” or “AED”. It is pegged to the US dollar at a fixed exchange rate of 3.67 AED to 1 USD, ensuring stability in international transactions.
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