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
- The Concert – Classical Night | Events in Kuwait
- Ice Skating Winter Carnival | Events in Kuwait
- One month grace period to pay traffic fines
- New call to expats to rectify status and residency validity with passport
- Piano Concert in Al Shaheed Park | Events in Kuwait
- Ice Skating Winter Carnival | Events in Kuwait
- Hala Expo – Winter Festival | Events in Kuwait
- Join Nathalie at Health Exhibition in Avenues | Events in Kuwait
- Korean Movie Night | Events in Kuwait
- Winter Camp at BSK | Events in Kuwait
- PWF Social Pinic | Events in Kuwait
- Hiphop Element Breakin Workshop | Events in Kuwait
- Bungee Jumping at Al Kout Mall | Events in Kuwait
- Kuwait Bully Show | Events in Kuwait
- USA asked Kuwait to review Kuwait Airport security without delay
- Three Arab nationals and seven Asians arrested in Salmiya
- DAESH gives orders to kill Kuwaiti
- Ethiopian Woman Beats Kuwaiti Man
- Driving licenses issued before April 2013 will be renewed automatically
- New Rule : Deportation for unqualified drivers as per current profession
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
