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
• Kareena Kapoor in Kuwait #kareenakapoor #kuwait #q8
• Apple iPhone6 / Plus prices and Official Intro #iphone6 #kuwait #q8
• Kuwait’s Roads Capacity #kuwait #q8
• Kuwait is going to participate in RC Championship #kuwait #ifmar #rc
• Kuwait’s first Graffiti park @cozmo_group @cozmospraybox #kuwait
• Kuwait VS Pakistan #daviscup #daviscup2015
• Eid Holidays in Kuwait #eid #kuwait #q8
• Kokani Song by Kuwaiti Singer
• Arrest Man Eating Live Animals (Via ArabTimes)
• Relief Efforts – Helping People In Need #kuwait #q8 #pakistan #reliefefforts
• New Bank Notes deposition in ATMs
• K’s path Quiz Night @kspathq8 #Kuwait #q8
• Camel attack on American Soldiers in Kuwait #kuwait #q8
• Mini Cooper GP Test Drive near 360 Mall #kuwait #q8
• 23 Memories Every 90’s Kid Growing Up In The Middle East #kuwait #q8 #uae
• Welcome Video – U.S. Ambassador to Kuwait @USEmbassyQ8 #kuwait #usa
• Bahrain’s Gulf Air to Kuwait from Istanbul #kuwait #turkey #gulfair
• No compound names for newborns (via Kuwait Times)
• 1st IBAK GCC invitational tournament to be held in Kuwait #kuwait #q8
• In 2025 Kuwait would be at 9th among highest GDP countries #kuwait #q8

• <<
• 1
...
• 185
• 186
• 187
• 188
• 189
• 190
• 191
• 192
• 193
• 194
• 195
...
• 200
• >>

---

Filed in: All • Expats in Kuwait • Info • Local News
Tagged with: about • about kuwait • alert • bloggers • breaking news • date • events • events in kuwait • events kuwait • expats in kuwait • expats kuwait • festivals • how much send • kud • kuwait • kuwait bloggers • kuwait events • kuwait expats • kuwait festivals • kuwait labour law • kuwait news • kuwait social media • kuwait uptdate • kuwait upto date • kuwaitup 2date • kuwaitup2date • kuwaituptodate • limit • money remittances • money remittances in kuwait • news • news kuwait • q8up2date • social media • things to do in kuwait • to • top • up • up2date • uptodate • weekend • weekend events • weekend events in Kuwait • what to do in kuwait