cash regulations

A Saudi singer faced problems landing in Egypt last month after he was found  in possession of more than $ 10,000. Sources say that when arriving at a Cairo airport, Saudi singer Rabeh Saqr had SR 120,000 ($ 32,000) and $ 17,000 in cash.

Saqr was told that he could not enter the country with the full amount and the singer  boarded a flight to Dubai.  Egypt bans all travelers from “bringing foreign currency in excess of $ 10,000 into the country or carrying it out” under a new rule adopted recently. According to the new decision,  funds over $ 10,000 must be transferred electronically.

Saudi citizens have been urged by the Foreign Ministry  to comply with the rules on the amount of cash they are allowed to take into foreign countries. Travelers bringing more than $ 10,000 must declare the amount to authorities. Diplomatic missions in the kingdom should be consulted for relevant information and travelers should be aware of the rules lest they are arrested or their money confiscated.

source: Arabnews