Coinciding with Umrah Rajab.. a significant increase in demand for the Saudi riyal

Coinciding with Umrah Rajab.. a significant increase in demand for the Saudi riyal
Coinciding with Umrah Rajab.. a significant increase in demand for the Saudi riyal

I wrote – Manal Al-Masry:

Customers’ requests to buy the Saudi riyal from exchange companies to travel to Saudi Arabia to perform Umrah Rajab increased after Saudi Arabia allowed entry to its lands with a travel ticket without obtaining a visa individually, according to the heads of exchange companies Masrawy spoke to.

And the announcement of Saudi Airlines promoted the launch of a new program called “Your Ticket is a Visa”, which enables travelers aboard “Saudi Airlines” to enter the Kingdom for a period of 4 days, touring the regions of the Kingdom and performing Umrah in order to reduce the financial burdens imposed by tourism companies in Egypt in exchange for a visa to spend Umrah. .

Abdel Majeed Mohieldin, head of Al- Exchange Company owned by the National Bank of Egypt, told Masrawy that the demand to buy the Saudi riyal has increased during the current period, after recent Saudi decisions that provided facilities for entering its lands, which made it easier for Egyptians to travel to perform Umrah at a low material cost.

He added that the company allows the public to procure the Saudi riyal at an average of 1,000 Saudi riyals, after examining the papers indicating travel and the customer’s need for currency, which is a ticket and a passport.

Masrawy had quoted sources from the Kingdom of Saudi Arabia earlier, that the papers required to obtain your “visa ticket” to travel to Saudi Arabia are a passport and two personal photos, provided that its holder is allowed to roam within the Kingdom and perform Umrah rituals easily and smoothly, while giving him a visa for free. Obtaining it on condition of cutting the ticket on Saudi Airlines.

Those wishing to travel do not need to “barcode” the Umrah from the Egyptian Umrah portal, because it is a “transit” visa, in order to travel to Saudi Arabia to perform the Umrah rituals according to the new instructions.

Adel Fawzy, head of the Misr Exchange Company owned by Banque Misr, said that there is a great demand to buy the Saudi riyal in order to travel to Saudi Arabia to perform Umrah Rajab during this period.

He explained that the company meets customers’ requests to buy the Saudi riyal after reviewing travel papers and obtaining a copy of them in accordance with the instructions, but the amounts that customers request from the riyal are less than what was happening before due to the low price of the pound against other currencies, including the riyal, during the recent period.

The depreciation of the pound against the Saudi riyal led to the rationalization of customers’ requests to buy the riyal, and there was no exaggeration in purchasing it compared to the same period of the previous year, according to officials of the two exchange companies.

The total value of the airline ticket in Egyptian pounds starts from 10,000 pounds, to travel on Saudi Airlines “Cairo / Jeddah / Cairo”, then obtain housing in the Kingdom for approximately 3 thousand pounds, “the lowest value”, according to the traveler’s desire – in addition to internal transfers. From the airport to housing and the sanctuary, according to what Masrawy had previously published.

This comes at a time when tourism companies announced that the prices for Umrah for the month of Rajab for the year 1444 AH, corresponding to 2023 AD, start from 30,000 pounds per person, according to travel dates and the duration of the program, while the Ramadan pilgrimage starts from 40,000 pounds, according to what Masrawy had previously published. .

The article is in Arabic

Tags: Coinciding Umrah Rajab . significant increase demand Saudi riyal

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