Circulars/Notifications - Exchange Policy Department  
 EPD Circular Letter No. 16 of 2019

December 06, 2019


The Presidents/Chief Executives
of all Authorized Dealers in Foreign Exchange / Microfinance Banks


Dear Sirs/Madam,

Reimbursement of T.T Charges against Home Remittances

Please refer to EPD Circular Letter No. 08 dated May 24, 2016.

2.     In this regard, it has been decided that, effective immediately,:

i. The amount of Home Remittance transaction equal to and above USD 100/- but less than USD 200/- (or equivalent in other currencies) shall be reimbursed at SAR 10/-; and


ii. The amount of Home Remittance transaction equal to and above USD 200/- (or equivalent in other currencies) shall continue to be reimbursed at SAR 20/-.

3.     All other instructions on the subject shall remain unchanged.

4.     Authorized Dealers are advised to bring the same to the notice of all their constituents.

 

 

Yours truly,

Sd/-

(Arshad Mehmood Bhatti)
Director


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