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
- Indian kills himself
- ‘Runaway’ Kuwaiti girl found
- Kuwait bans domestic workers from 2 Asian and 25 African countries
- Transfer of domestic visa to company visa and driving licence
- 5000 KD Salary
- Airways offload the ‘fashionist’ from airline.
- New Al Khiran Hybrid Outlet Mall
- Offers in more than 200 stores in The Avenues
- MoH online service by Dec to collect fees
- A man and his girlfriend arrested
- Filipino taxi driver arrested
- Kuwait to close its doors to expats who are diabetic
- Sleeping doctor in a clinic
- 5 years validity option for driving license
- 20,000 jobs in Kuwait
- Sale of domestic workers
- HARIS arrested
- Lawyer and 4 expats kidnapped another lawyer
- 140 expats for deportation
- Many youths held for creating nuisance in area
Filed in: All • Expats in Kuwait • Info • Local News