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Second: Mechanism for the Entry and Exit of Foreign Currency through King Fahd Causeway

No: 371000035276 Date(g): 3/1/2016 | Date(h): 24/3/1437 Status: In-Force

Translated Document

After completing the approved immediate clearance procedures at King Fahd Causeway Customs, the following steps are taken:

  1. The Gulf vehicles transporting foreign currency are sealed with a metal seal by the customs officer.
     
  2. A letter is signed by King Fahd Causeway Customs addressed to SAMA branch in Dammam, with a copy sent to the benefiting bank or exchange company.
     
  3. The vehicles are allowed to depart to the cash centers of banks and exchange offices. If the vehicle is armored, approval from the General Customs Authority is required, as its entry is restricted.
     
  4. In the case of discovering counterfeit currency, SAMA branch in Dammam is notified, which in turn informs King Fahd Causeway Customs and returns the counterfeit amounts to the customs for necessary legal procedures.
     
  5. SAMA branch in Dammam is notified, and it will officially inform King Fahd Causeway Customs in case of any unusual violation, such as a discrepancy between the declared and received amounts, the condition of the currency, failure of the amounts to arrive as indicated in the customs letter sent by fax to SAMA, delays in receiving the amounts, or any other reasons.