11 August 2008

KSA Customs Directives

The Saudi Arabian Customs issued a directive that all expensive items such as precious stones or cash with the equivalent to or over USD 16,000 (SAR 60,000) must be declared upon departure or arrival at any entry/exit points in the Kingdom. Those who fail to do so will face confiscation or even imprisonment. The new directive is to control money laundering in the Kingdom.

This directive is somewhat similar to the Philippine BOC. The only difference is the amount of money a visitor can bring to the country. In the Philippines, it’s USD 10,000 worth of cash or equivalent.

I doubt if an ordinary OFW could really bring or raise USD 16,000 (SAR 60,000) except if he’s exiting the kingdom and he’s bringing his ESB (End of Service Benefits) with him. It’s not also wise to bring a big sum of money since an OFW could be robbed at NAIA. Most of the OFWs would send the money through a remittance center because it is the wisest thing to do.

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