IndiansinKuwait.com - India Kuwait News and updates

IndiansinKuwait.coom

Citizens and expatriates spending declines this year

Wednesday, December 4, 2019
Citizens and expatriates spending declines this year

Expenditures of citizens and expatriates during the first half of this year using bank cards shows a decline compared to the expense during the same period last year. According to Al-Anba Arabic daily, the total spend using bank card this year first half is KD 11.8 billion, which is an annual decline of 0.8 percent compared to expenditures of KD 11.9 billion dinars in the same period last year.

According to data from the Central Bank of Kuwait, the total payments through Point-of-Sale (POS) inside and outside Kuwait during the first half of this year were KD 5.49 billion, and the cash withdrawal using ATMs both inside and outside Kuwait during the same period stood at KD 6.29 billion.

The amounts disbursed using bank cards during the first quarter of this year amounted to KD 5.9 billion, which is an increase of four percent compared to KD 5.7 billion in the first quarter of 2018.

The expenditures of both the citizens and expatriates using bank cards during the second quarter of this year was about KD 5.8 billion, which is a decline of 5.2 percent compared to KD 6.17 billion in the second quarter of 2018.


  IndiansinKuwait.com is now on WhatsApp Channel    Follow Channel


📣 IndiansinKuwait.com is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines

Read this article online at

Express your comment on this article

 
True Bohri
Wednesday, December 4, 2019
Citizens spent abroad & Expats remitted to India. End of story.

expat
Wednesday, December 4, 2019
HAHA....feedback of all the wonderful restrictions on expats..
there is still time..open your eyes or it will be too late to save the local markets...

Zen
Tuesday, December 3, 2019
We are not the things we possess.
Materialism does not equate to happiness.

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News

 
TEF Conducted “Public Speaking” Training Program for TEF Children

Tamilnadu Engineers Forum (TEF), Kuwait is a leading Engineers Association, the one & only ISO 9001:2015 certified non-Profi...

FOKE Mangaf Central Unit organized Chess and Rubik's Cube Competition

Friends of Kannur Kuwait Expats Association (FOKE) Mangaf Central Unit organized Chess & Rubik's Cube Competition for FOKE m...

Indian Basketball Association (IBA) conducted Clinic for Basketball Officials

INDIAN BASKETBALL ASSOCIATION (IBA)conducted a clinic for basketball officials, steered by Mr.D K Dileep Founder & General ...

AJPAK organised picnic and Eid-Vishu celebration

Alappuzha District Expatriate Association Kuwait (AJPAK) organized a picnic and Eid-Vishu celebration on Friday, April 12, 2...

Rising Star Cricket Club Kuwait organized Iftar gathering

Rising Star Cricket Club Kuwait organized Iftar gathering with a message of unity and love. Many social and cultural ac...

go top