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Riyadh urges compliance with currency rules

Official warns most countries impose $10,000 limit on transnational fund movement

  • By Habib Toumi Bureau Chief
  • Published: 12:53 January 17, 2013
  • Gulf News

Manama: Saudi Arabia’s foreign ministry has urged its citizens to comply with the rules on the amount of cash they are allowed to take into other countries.

Every Saudi travelling to another country should be aware of the currency control rules applied there ahead of their travel to ensure full compliance with the law, the ministry said.

“Most countries demand that travellers taking in more than $10,000 [Dh36,700] declare them to the authorities at the entry points,” Osama Bin Ahmad Al Senoussi, the foreign ministry undersecretary for consular affairs, said, quoted by the Saudi Press Agency (SPA).

Travellers should be fully aware of the rules so they are not arrested or taken to court and that their money is not confiscated, he said.

Diplomatic missions in Saudi Arabia should be consulted for relevant information, the official said.

Last month, a Saudi singer faced problems entering Egypt after he landed with more than $10,000 in his possession.

According to a security spokesperson, Rabeh Saqr had SR 120,000 ($32,000) and $17,000 in cash when he arrived at a Cairo airport.

He was reportedly told that he could not enter the country with the full amount and the singer decided to leave, boarding a flight to Dubai.

Under a new rule adopted last month, Egypt bans all travellers from “bringing foreign currency in excess of $10,000 into the country or carrying it out.”

The decision stipulates that funds over $10,000 must be transferred electronically and forbids mailing cash.

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