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 man shot in Island
- Mobile cameras to control traffic – Speed cameras to double
- Boys and Girls arrested
- Woman dies in fire saving her kids
- Kuwaiti teacher accused of assaulting special needs boy
- Kuwait signs two MoUs with China on road
- Driving license of expat housewives not to be renewed
- 120,000 expats to hunt
- 20 years old boy breaks into a house and rapes
- Health fee increase for expats in Kuwait
- Kuwaiti and his girlfriend break into 3 cars
- Kuwaiti man and his girlfriend arrested.
- 5 years residence plan for expats in Kuwait
- Expats in problem while travelling.
- Why to have HUAWEI P30 , P30 Pro.
- Dolby Cinema in 360 Mall , Kuwait
- New agreement between India and Kuwait for Entry Visas
- Toxins in the drinking water
- Driving license application and renewal go online
- Extra KD 8 per ticket
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
