WhisperInfinity
Fri Jun 07 2024
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5 answers
813
What are the currency restrictions in Saudi Arabia? | in Saudi Arabia. Exchange for payments abroad may be obtained freely, and there are no taxes or subsidies on purchases or sales of foreign currency. There are virtually no currency exchange restrictions
Could you please elaborate on the currency restrictions in Saudi Arabia? I understand that there is freedom in obtaining foreign exchange for payments abroad, and no taxes or subsidies on the purchase or sale of foreign currency. However, I'm interested in knowing if there are any other significant constraints or regulations that one should be aware of when dealing with currency in Saudi Arabia? Are there any limits on the amount of foreign currency that can be brought in or taken out of the country? Are there any specific regulations that businesses or individuals need to adhere to when it comes to currency transactions? Thank you for clarifying these points.
