Expatriate remittances, down 22 percent
Expatriate remittances, down 22 percent

Remittances of expatriates in Kuwait to their countries decreased by 21.96 percent during the second quarter of this year, compared to the first quarter, from 1.35 to 1.056 billion dinars, while during the first half of 2020 they increased by 12.13 percent compared to the same period last year, from 2.15 To 2.41 billion dinars.

 

The preliminary data for the balance of payments for the second quarter, issued by the Central Bank of Kuwait yesterday, showed that the repercussions of the precautionary measures to confront the Corona virus caused a decline in Kuwaiti spending on travel by 93.14 percent during the second quarter, as their spending amounted to about 81.7 million dinars compared to 1.19 billion dinars During the first three months of 2020.