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
- Kuwait reports 526 new coronavirus cases
- Indians Evacuation Flights Plan
- COVID-19: Going back to office? Here is how you can keep yourself, your colleagues and your family safe
- Ministry of Education shuts down after discovering single coronavirus infection
- Life in Jleeb
- 350 marriages in 42 days in Kuwait
- 14-day total lockdown an option
- 364 New coronavirus cases in Kuwait in last 24 hours
- Filipino nurse dies from coronavirus in Kuwait
- Gulf bank staff tested positive for Coronavirus
- According to Al-Anba “Experts say no vaccine for Corona before 2036”
- Be ready to return to work, inshaAllah
- Bank staff tested positive for Coronavirus
- Volunteer tested positive for coronavirus in Supermarket
- 2 volunteers in Mubarak Al-Kabeer cooperative infected with coronavirus
- Multiple weapons found
- Ministries to plans to back to work
- Call to develop other shopping mechanisms and close co-operative societies
- WhatsApp ups limit on video calls to eight people
- 18,000 expats ready to leave Kuwait
Filed in: All • Expats in Kuwait • Info • Local News