The Head/Principal Offices of all

Authorized Dealers in Foreign Exchange

Dear Sirs/Madams,

Reimbursement of T.T Charges against Home Remittances

1. Please refer to our F.E. Circular Letter No. 40 dated the November 29, 2000 on the above noted subject.
2. In this regard, it has been decided that effective from July 01, 2015 onwards:
   1. The minimum amount of remittance to qualify for reimbursement of T.T. Charges has been increased from USD 100/- to USD 200/- or equivalent to other currency (per telex/swift charges).
   2. The reimbursement rate of SAR 25/- has been reduced to SAR 20/- for each eligible remittance transaction.
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.