Article 18: Currency Import and Export

The Money Changer licensed to engage in the activity of currency import and export shall develop regulatory policies and procedures for importing and exporting the currencies, provided that such procedures include, at a minimum, the following: a. Notifying customs officers at border crossings of the imported and exported amounts of money. b. Maintaining documents of currency import and export. c. Preparing funds for their transfer properly. d. Complying with all the instructions issued by SAMA regarding currency import and export, including not dealing with the entities specified by SAMA.