21 Hrs
Source:
الراي
Kuwait's non-resident financial system
The Central Bank of Kuwait has launched a new electronic system to enable financial institutions to upload and submit statistics on the balance of payments, including portfolio investments, direct investments, and transfers by non-Kuwaitis abroad. The aim is to improve financial data collection and streamline processes. The system allows multiple users to register and upload data quarterly within one month after the end of each period, starting from the third quarter of 2026. The Central Bank also emphasized the importance of banks, money transfer companies, and electronic payment service providers reporting operational incidents to ensure continued operation and to enhance security and efficiency in the financial sector.
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