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
- Mehfil e Naat in Kuwait
- Farhan Akhtar (Indian singer and actor) in Kuwait @faroutakhtar
- Vibe 2014 , Kuwait
- Gulf Run – Race Market , Kuwait
- Teen Dasmania , Kuwait
- “manifesto13” Arts Exhibition by kids , Kuwait
- Knowledge and skills to stay safe for kids , Kuwait
- Home Shipping with Permanent Address in USA
- Lecture on “Divorce in islam” , Kuwait
- I can shop with my kids , Kuwait
- Rocketing rent prices in Kuwait
- Kuwait comes last in list of best countries for expats to live
- Burn injury evaluation device in Kuwait
- E-Visa system for the UK , Kuwait
- Microsoft Announces Two Innovative Educators from Kuwait for 2014-2015
- Rock Climbing in Kuwait
- Video “Girl jumped out from the building , Kuwait” on YouTube
- Plan to cut Electricity for bachelors in family houses , Kuwait
- Four heroes of Abbasiya , Kuwait
- Kuwait is home of 2,433,559 foreign residents
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
