FEPD Circular No. 9: Saudi Customs rules for Declaration of goods and cash at entry and exit points of Kingdom of Saudi Arabia

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 9 Date: 27/01/2019 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Saudi Customs rules for Declaration of goods and cash at entry and exit points of Kingdom of Saudi Arabia. This is to inform you that the rules and regulations of the Kingdom of Saudi Arabia require all arriving and departing travellers to submit a declaration to the Saudi Customs Authority if they have any goods in their possession such as Cash money, Financial instruments, Gold bullions, Precious metals, Stones or Jewellery valued equivalent to or more than 60,000.00 (Sixty Thousand) Saudi Riyals. 02. You are hereby directed to inform your customers travelling to/from Kingdom of Saudi Arabia regarding the above mentioned rules and regulations to avoid any penalty. However, entitlements of foreign exchange for travelling to Kingdom of Saudi Arabia on various grounds by Bangladeshi nationals as enumerated in Guidelines for Foreign Exchange Transactions-2018, Volume￾1 and subsequent circulars/circular letters shall remain unchanged. Please bring the content of this circular to the notice of all concerned constituents. Yours faithfully, (Md. Kawsar Matin) Deputy General Manager Phone: 9530487