Regulatory Alerts2018-04-06
BCT Circular to Approved Intermediaries No. 2018-04 of April 6, 2018
The Central Bank of Tunisia issued Circular No. 2018-4 to regulate the issuance and export of Saudi Riyal tourist allowances for the 2018 pilgrimage campaign. Approved Intermediaries must open dedicated counters starting April 14, 2018, source Saudi Riyal banknotes from central bank branches, and limit the validity of exported cash to four months for officially registered pilgrims and accompanying mission members. Furthermore, these intermediaries are required to submit daily duplicate reports using the prescribed annex model to track allowance disbursements.
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