Study to stop expatriates from remitting more than their monthly salary
Governmental authorities are studying the possibility of issuing a decision to instruct money exchange bureaus in the country to prevent expatriates from remitting more than their monthly salary in one month, reports Al-Qabas daily quoting informed sources.
They explained, “For example, if an expatriate’s monthly salary is KD 600, he will not be able to remit more than KD 600 to his country in one month”.
The sources clarified that the expatriates remit about 6.9 percent of the country’s total revenues, which however has a direct impact on the country’s economy. Moreover, it has been observed that the remittances have been increasing lately.
Source : Arabtimes
Kuwait News
- Events in Kuwait
- Gulf Run Cars Show | Events in Kuwait
- Colorful Night Marathon | Events in Kuwait
- Musical Festival Week 2016 by BSK | Events in Kuwait
- KNES Talent Show 2016 | Events in Kuwait
- PAWS Musical Event | Events in Kuwait
- Paws Bazaar – Family Event | Events in Kuwait
- DK dance world present dazzling 2016 | Events in Kuwait
- MEET BROS in Kuwait | Events in Kuwait
- Aswat 3 | Events in Kuwait
- Kuwaiti hospital will not accept expat patients during day time
- Drug trafficker arrested
- Lioness broken the neck and ate the thigh of Kuwaiti
- 50 Passengers released after 72 hours from Kuwait Airport
- Kuwait to impose caps on hiring foreigners
- Biggest Alcohol Factory caught in Salwa
- Six cities in Kuwait only for bachelors
- An Indian and an Egyptian arrested
- Go Run with Viking Club | Events in Kuwait
- Discussion : challenges and successes of doing business in Kuwait
- Lioness killed the Kuwaiti
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
