" Is it best to maintain our bank accounts here in the US, or should we open accounts in Saudi? I haven''t yet checked with our bank, but, do some large American Banks have offices there as well? Thank you, Cara McGrehan "

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" Cara, I would suggest that you arrange to have an account at a local Saudi Bank. Riyadh is a modern city with up to the minute banking facilities i.e. teller machines. Your money is safe, the exchange rate is locked to the US$ 3.75 riyals = $US 1.00 To you can withdraw cash in $US however only the riyal is used in local trading. Electronic transfers can be made to and from the Saudi bank to your home bank. I had an account (opened by the company I worked with ) at the The Saudi British Bank . This bank is partly owned by the HSBC bank which, according to my web research has a strategic alliance and equity joint venture with Wells Fargo, which I believe to be a big US bank. Go to the web http://www.hsbc.com and you can research this for yourself. Honesty in busines dealings goes without question, this is an admirable part of the Islamic culture, the laws are very strict and penalties can be quite severe, so, provided you behave in an honest manner yourself you have nothing to fear. Good luck, and don''t worry, (your biggest problem in Saudi Arabia will be getting used to the driving style, and keeping cool. Uman Das "

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