I live in Iran, and the currency here is unstable. That’s why we cannot keep our money and savings in cash. We usually buy cars, property, or gold to protect the value of our money.
Now we need to sell our car and deposit the money into the foreign currency account (us dollar) that I opened five months ago for Express Entry.
But according to the regulations, six months must have passed. The date I have to submit, my account will be 5 months and half old.
So I cannot put the money in the dollar account yet.
I’m forced to deposit it into my local (rial) account, which I have had for many years.
However, there’s a risk: the value of the money may decrease.
What came to my mind is to get the proof of funds from the rial account first, then convert my money into dollars, deposit it into the foreign currency account, and leave it there without touching it.
Do you think this is a good idea, or could it lead to rejection?
Or should I deposit the money directly into the foreign currency account from the beginning and explain why the account hasn’t reached six months yet?
Now we need to sell our car and deposit the money into the foreign currency account (us dollar) that I opened five months ago for Express Entry.
But according to the regulations, six months must have passed. The date I have to submit, my account will be 5 months and half old.
So I cannot put the money in the dollar account yet.
I’m forced to deposit it into my local (rial) account, which I have had for many years.
However, there’s a risk: the value of the money may decrease.
What came to my mind is to get the proof of funds from the rial account first, then convert my money into dollars, deposit it into the foreign currency account, and leave it there without touching it.
Do you think this is a good idea, or could it lead to rejection?
Or should I deposit the money directly into the foreign currency account from the beginning and explain why the account hasn’t reached six months yet?