"Business at currency exchanges surged by as much as 25 per cent after the dollar hit a three-year high, boosting the value of dirhams sent home by expatriates.
The amount of cash sent back has also risen with some expatriates even taking out loans of up to 10 times their salary in the UAE to take advantage of the greenback's strength and the weakness of Asian currencies.
Most are sending money back to India and the Philippines, while remittances to Syria and Egypt have also spiked in recent days, say local exchanges. The strong dollar has also meant that dirhams earned by British, Canadian and euro-zone expats now go further."
'via Blog this'
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