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
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- Minimum monthly salary of KD 120
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- Expats suffering from Cancer, Diabetes, High BP ..etc, will no longer be able to obtain residencies in Kuwait
- Pay to stay or leave without fines
- Woman beaten in public by a man
Filed in: All • Expats in Kuwait • Info • Local News
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