The Presidents/Chief Executives

of all Authorized Dealers in Foreign Exchange / Microfinance Banks

Dear Sirs/Madam,

Reimbursement of T.T Charges against Home Remittances

1. Please refer to EPD Circular Letter No. 08 dated May 24, 2016.
2. In this regard, it has been decided that, effective immediately,:

1. 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/-;
2. 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.