Foreign exchange control in Trucial States

This file concerns currency exchange control for sterling. It contains correspondence on:

• Administration of exchange control in the Gulf; the legality of it; and regulations concerning the buying of US dollars and gold
• Concern over the circulation of 'official dollars' in Sharjah
• Regulations concerning 'external' bank accounts
• Request for an external account made by Ahmad Majed Al Ghurair and Sons; and the family’s plans to set up a bank
• Request from the Bank of Tokyo Limited for a copy of the exchange control regulations
• Copies of the Exchange Control (Authorised Dealers and Depositaries) Order 1966 and of the Exchange Control (Import and Export) Order 1966
• Advice sought by P Gent of J W D Gray as to how exchange controls are administered in Bahrain
• Suspicions over cash gifts being made by Indians in Bahrain and Dubai to Indian residents
• Introduction by the Treasury of foreign travel expenditure restrictions; and a memorandum outlining the measures
• Letter from the Dubai National Air Travel Agency concerning the terms of dollar exchange
• Remittance of salaries to Gaza from Palestinian teachers in the Gulf via Beirut and Lebanese pounds
• Sterling loan being raised by the illegal Government of Rhodesia
• Exchange of £1.35 into dollars transacted on behalf of the Ruler of Qatar Sheikh Ahmad Bin Ali Al Thani