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mariyasubtain said:
Dear biju/er2d2g,

Further to below information, can you please let me know which is the best way to make DD? My account is in mashreq bank (in AED) and i want to make a DD just for the sake of POF and later on when i will come back i will cancle that DD, please guide me in which way i will loose minimum amount of money ....

Thanks in advance,
Mariya
Hi
I bank with Mashreq as well
You can get a list of all charges on the Mashreq website under service charges
You will get charged twice once for creating the DD and once for cancelling it
I think total money you would lose is approx AED 100-150/-
Hope that helps

best regards

er2d2g
 
for police clearance from dubai police head quarters, is the certificate valid for only 3 months?
 
Yes

szr said:
for police clearance from dubai police head quarters, is the certificate valid for only 3 months?
 
er2d2g said:
Hi
I bank with Mashreq as well
You can get a list of all charges on the Mashreq website under service charges
You will get charged twice once for creating the DD and once for cancelling it
I think total money you would lose is approx AED 100-150/-
Hope that helps

best regards

er2d2g

@Mariyasubtain,

In addition to the DD making and cancelling chgs there would be other cost as well, that you have to bear. Assuming the rate of exchange remains the same, the Bank while canceling i,t will be doing it at its buying rate which can be 05-20 fils less per Canadian dollar (as in the present case) than its selling rate, depending on the Bank's policies. In the sceneario the Dollar slumps as has happened now ??? :-X the loss in cancelling will be substantial (as per the amount) like if the selling rate of the Bank was 3.85 AED/CAD$ and the buying rate becomes 3.45 AED/CAD$ while cancelling it then the loss on this aspect alone, would be AED 4000/- :'( per CAD$ 10,000/- or AED 8000/- :'( :'( per CAD$ 20,000/- plus AED 100-150, as er2d2g has written.

In response to your query abt loosing min amt of money in this traxn the best solution would be to make the DD in US$ as it is accepted as POF for Canadian immigration purpose and secondly because the rates are static against the AED. 8) The max loss would be (besides the AED 150/- DD making and cancelling chgs), AED 115/- per CAD 10,000/- with Union National Bank, for example or AED 320/- per CAD 10,000/- in ENBD's case. Choose a bank which has the least difference in its buying and selling rates for US$. :)

You can PM me for further guidance, in case you need. :)

Best Wishes,

Bestpal
 
Guys,
i have submitted application for fswp-2013 with all documents along with my employer letter stating my date of joining ,and the department which am working for but unfortunately no job description.My employer doesnt provide one.i have only included my CV.Any idea will my application be rejected on this or will i be given another opportunity to submit later on.
would appreciate your advise for the same.

best regards
 
What an idea sirji.........great one....

I was thinking a lot how to save the exchange loss.....and u got it....

bestpal said:
@ Mariyasubtain,

In addition to the DD making and cancelling chgs there would be other cost as well, that you have to bear. Assuming the rate of exchange remains the same, the Bank while canceling i,t will be doing it at its buying rate which can be 05-20 fils less per Canadian dollar (as in the present case) than its selling rate, depending on the Bank's policies. In the sceneario the Dollar slumps as has happened now ??? :-X the loss in cancelling will be substantial (as per the amount) like if the selling rate of the Bank was 3.85 AED/CAD$ and the buying rate becomes 3.45 AED/CAD$ while cancelling it then the loss on this aspect alone, would be AED 4000/- :'( per CAD$ 10,000/- or AED 8000/- :'( :'( per CAD$ 20,000/- plus AED 100-150, as er2d2g has written.

In response to your query abt loosing min amt of money in this traxn the best solution would be to make the DD in US$ as it is accepted as POF for Canadian immigration purpose and secondly because the rates are static against the AED. 8) The max loss would be (besides the AED 150/- DD making and cancelling chgs), AED 115/- per CAD 10,000/- with Union National Bank, for example or AED 320/- per CAD 10,000/- in ENBD's case. Choose a bank which has the least difference in its buying and selling rates for US$. :)

You can PM me for further guidance, in case you need. :)

Best Wishes,

Bestpal
 
bestpal said:
@ Mariyasubtain,

In addition to the DD making and cancelling chgs there would be other cost as well, that you have to bear. Assuming the rate of exchange remains the same, the Bank while canceling i,t will be doing it at its buying rate which can be 05-20 fils less per Canadian dollar (as in the present case) than its selling rate, depending on the Bank's policies. In the sceneario the Dollar slumps as has happened now ??? :-X the loss in cancelling will be substantial (as per the amount) like if the selling rate of the Bank was 3.85 AED/CAD$ and the buying rate becomes 3.45 AED/CAD$ while cancelling it then the loss on this aspect alone, would be AED 4000/- :'( per CAD$ 10,000/- or AED 8000/- :'( :'( per CAD$ 20,000/- plus AED 100-150, as er2d2g has written.

In response to your query abt loosing min amt of money in this traxn the best solution would be to make the DD in US$ as it is accepted as POF for Canadian immigration purpose and secondly because the rates are static against the AED. 8) The max loss would be (besides the AED 150/- DD making and cancelling chgs), AED 115/- per CAD 10,000/- with Union National Bank, for example or AED 320/- per CAD 10,000/- in ENBD's case. Choose a bank which has the least difference in its buying and selling rates for US$. :)

You can PM me for further guidance, in case you need. :)

Best Wishes,

Bestpal



This will help me and a lot others :)
Thanks Best Pal...as always BEST PAL :)
 
bestpal said:
@ Mariyasubtain,

In addition to the DD making and cancelling chgs there would be other cost as well, that you have to bear. Assuming the rate of exchange remains the same, the Bank while canceling i,t will be doing it at its buying rate which can be 05-20 fils less per Canadian dollar (as in the present case) than its selling rate, depending on the Bank's policies. In the sceneario the Dollar slumps as has happened now ??? :-X the loss in cancelling will be substantial (as per the amount) like if the selling rate of the Bank was 3.85 AED/CAD$ and the buying rate becomes 3.45 AED/CAD$ while cancelling it then the loss on this aspect alone, would be AED 4000/- :'( per CAD$ 10,000/- or AED 8000/- :'( :'( per CAD$ 20,000/- plus AED 100-150, as er2d2g has written.

In response to your query abt loosing min amt of money in this traxn the best solution would be to make the DD in US$ as it is accepted as POF for Canadian immigration purpose and secondly because the rates are static against the AED. 8) The max loss would be (besides the AED 150/- DD making and cancelling chgs), AED 115/- per CAD 10,000/- with Union National Bank, for example or AED 320/- per CAD 10,000/- in ENBD's case. Choose a bank which has the least difference in its buying and selling rates for US$. :)

You can PM me for further guidance, in case you need. :)

Best Wishes,

Bestpal

Bestpal saab good observation. Nowadays with the rate of currency/gold etc. keeping an idea on exchange rate is definitely a good idea

TC

er2d2g
 
er2d2g said:
Hi Humsafar

If you don't mind me asking was it a large quantity ?
I'm talking about all the gold we have - my wife was born and brought up in Dubai and I have lived a major part of my life here so we have a sizable amount of gold that we will be carrying in hand
I spoke to the Dubai customs helpline who confirmed that there is no restriction but advised that I go to the airport and meet a customs officer to avoid hassles before we travel
I'll give you all an update in the next 2-3 days
TC
er2d2g

Hi All

I finally managed to understand the procedure for avoiding issues when carrying large quantities of gold through Dubai customs to Canada.

If you have bills for all the gold you are carrying then there is no issue

If you don't have all the bills you need to take all your gold to a gold shop and get it weighed and approx value of the gold as per that day's gold rate and ask them to prepare a stamped list on their letterhead.
Once this is done you need a 1 copy of the list, 2 PP copies and 2 copies of your boarding pass.
On the day of your travel go to the airport police and submit the above to them. They will stamp it on the spot and you should not have any issues when your bags are Xrayed.

I had gone to the airport police yesterday to confirm the procedure. (Terminal 1 they are in area F)

I will be doing the same only in August when I leave for Canada but I hope this will help others who are in a similar situation

TC

er2d2g
 
Thanks a lot er2d2g

er2d2g said:
Hi All

I finally managed to understand the procedure for avoiding issues when carrying large quantities of gold through Dubai customs to Canada.

If you have bills for all the gold you are carrying then there is no issue

If you don't have all the bills you need to take all your gold to a gold shop and get it weighed and approx value of the gold as per that day's gold rate and ask them to prepare a stamped list on their letterhead.
Once this is done you need a 1 copy of the list, 2 PP copies and 2 copies of your boarding pass.
On the day of your travel go to the airport police and submit the above to them. They will stamp it on the spot and you should not have any issues when your bags are Xrayed.

I had gone to the airport police yesterday to confirm the procedure. (Terminal 1 they are in area F)

I will be doing the same only in August when I leave for Canada but I hope this will help others who are in a similar situation

TC

er2d2g
 
er2d2g said:
Hi All

I finally managed to understand the procedure for avoiding issues when carrying large quantities of gold through Dubai customs to Canada.

If you have bills for all the gold you are carrying then there is no issue

If you don't have all the bills you need to take all your gold to a gold shop and get it weighed and approx value of the gold as per that day's gold rate and ask them to prepare a stamped list on their letterhead.
Once this is done you need a 1 copy of the list, 2 PP copies and 2 copies of your boarding pass.
On the day of your travel go to the airport police and submit the above to them. They will stamp it on the spot and you should not have any issues when your bags are Xrayed.

I had gone to the airport police yesterday to confirm the procedure. (Terminal 1 they are in area F)

I will be doing the same only in August when I leave for Canada but I hope this will help others who are in a similar situation

TC

er2d2g

this is really helpful.. :)
 
bestpal said:
@ Mariyasubtain,

In addition to the DD making and cancelling chgs there would be other cost as well, that you have to bear. Assuming the rate of exchange remains the same, the Bank while canceling i,t will be doing it at its buying rate which can be 05-20 fils less per Canadian dollar (as in the present case) than its selling rate, depending on the Bank's policies. In the sceneario the Dollar slumps as has happened now ??? :-X the loss in cancelling will be substantial (as per the amount) like if the selling rate of the Bank was 3.85 AED/CAD$ and the buying rate becomes 3.45 AED/CAD$ while cancelling it then the loss on this aspect alone, would be AED 4000/- :'( per CAD$ 10,000/- or AED 8000/- :'( :'( per CAD$ 20,000/- plus AED 100-150, as er2d2g has written.

In response to your query abt loosing min amt of money in this traxn the best solution would be to make the DD in US$ as it is accepted as POF for Canadian immigration purpose and secondly because the rates are static against the AED. 8) The max loss would be (besides the AED 150/- DD making and cancelling chgs), AED 115/- per CAD 10,000/- with Union National Bank, for example or AED 320/- per CAD 10,000/- in ENBD's case. Choose a bank which has the least difference in its buying and selling rates for US$. :)

You can PM me for further guidance, in case you need. :)

Best Wishes,

Bestpal

You rock ... :)
 
Thanks alot, Its really helpful :)

bestpal said:
@ Mariyasubtain,

In addition to the DD making and cancelling chgs there would be other cost as well, that you have to bear. Assuming the rate of exchange remains the same, the Bank while canceling i,t will be doing it at its buying rate which can be 05-20 fils less per Canadian dollar (as in the present case) than its selling rate, depending on the Bank's policies. In the sceneario the Dollar slumps as has happened now ??? :-X the loss in cancelling will be substantial (as per the amount) like if the selling rate of the Bank was 3.85 AED/CAD$ and the buying rate becomes 3.45 AED/CAD$ while cancelling it then the loss on this aspect alone, would be AED 4000/- :'( per CAD$ 10,000/- or AED 8000/- :'( :'( per CAD$ 20,000/- plus AED 100-150, as er2d2g has written.

In response to your query abt loosing min amt of money in this traxn the best solution would be to make the DD in US$ as it is accepted as POF for Canadian immigration purpose and secondly because the rates are static against the AED. 8) The max loss would be (besides the AED 150/- DD making and cancelling chgs), AED 115/- per CAD 10,000/- with Union National Bank, for example or AED 320/- per CAD 10,000/- in ENBD's case. Choose a bank which has the least difference in its buying and selling rates for US$. :)

You can PM me for further guidance, in case you need. :)

Best Wishes,

Bestpal
 
Night shift as security officer, a survival job for many immigrants

http://canadianimmigrant.ca/immigrant-stories/night-shift-as-security-officer-a-survival-job-for-many-immigrants