Kuwait Sets KD1,000 Daily Cash Limit at Exchange Firms
- Publish date: since hour Reading time: 1 min read
Central Bank tightens cash rules at exchange companies to curb financial crime.
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If you’re used to handing over big stacks of cash at exchange counters in Kuwait, that just changed.
The Central Bank of Kuwait has introduced a new rule that caps daily cash transactions at exchange firms to KD1,000 per customer, down from the previous KD3,000 limit.
What’s Changed
Under the new directive, exchange companies can no longer accept more than KD1,000 in cash from a single customer in one day.
This limit covers all exchange services, including money transfers, currency exchange, and remittances.
What If You Need to Transfer More?
There’s no cap on how much money you can actually send or exchange — the rule only applies to cash payments.
If your transaction goes beyond KD1,000, you’ll need to use non-cash options, such as bank account transfers or other payment methods approved by the central bank.
Why the Central Bank Did This
The move is part of a wider push to cut down on cash-related risks, especially those linked to money laundering and terrorism financing.
By reducing large cash transactions, regulators aim to tighten oversight and make financial flows easier to track.
What Exchange Firms Must Follow
Exchange companies are now strictly prohibited from accepting cash above the KD1,000 daily limit, or its foreign currency equivalent, from any customer.