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
• Expat forged 60 visas of domestic workers for KD 20,000
• Guidelines for salons and barber shops
• Departures to increase upto 2,500 per day
• 120,000 Residency violators still in Kuwait
• The Cabinet decides to start fourth phase from Tuesday
• New residency bill for expats
• Inbound flights … end of August
• Plan completed to resume the commercial flights at Kuwait Airport
• Temporary law permitting ‘Salary Cuts’ in Private Sector
• List of shops which are allowed to operate
• 120,000 expats will not be able to ‘renew’ residency
• 3 months extension for all expiring visas; Expats standard abroad grace period of 1 yr instead of 6 months
• Maidan Hawally (Block 11) will not be under Isolation
• Flights Reservations open for Kuwaitis along with domestic workers
• 5 phases to get back to normal Kuwait
• Following services will start from 31.05.2020
• Full lockdown in Farwaniya, Mahboula, Jleeb Al-Shuyoukh, Khaitan, Hawally areas and Partial Curfew from 6pm to 6am
• Guidelines for Banks set for the resumption of work and customers services
• 10 deaths, 845 new infections of coronavirus in Kuwait, total 24,112
• Jleeb, Mahboula isolation to end

• <<
• 1
...
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• 12
• 13
...
• 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