Selling & purchasing forex
Selling and purchasing main foreign currencies is possible in all the full and
semi-forex branches of Refah bank.
The customers are allowed to receive their required amount for the following
uses against presenting the required documents:
Foreign exchange for travelers, for curing, for business missions, for
scholarship affairs, for training course payments inside and outside the
country, for university admission costs, for exhibitions outside the country
Purchasing currency in the form of cash is allowed up to USD 5000 or its
equivalent in other currencies, and for the amount above the said limit, is
allowed up to the credit limit, certified in the respective written statement.
Purchasing currency and cash payments to the accounts for more than USD 5000 is
allowed, provided that the necessary principles of money laundering are taken
into consideration. There is no limitation for purchasing transferred funds,
received through international banking system such as payment orders and the
balance of the forex accounts.