|09 December, 2018

Kuwait's central bank tells foreign exchange firms to raise capital requirements

Kuwait's central bank has told foreign exchange companies to raise their capital requirements to KWD1.7million ($5.60 million) from 1.5 million dinars, the central bank said

Image used for illustrative purpose Kuwait Central Bank employees walk outside the bank in Kuwait City.

Image used for illustrative purpose Kuwait Central Bank employees walk outside the bank in Kuwait City.

REUTERS/Stephanie McGehee

DUBAI- Kuwait's central bank has told foreign exchange companies to raise their capital requirements to 1.7 million dinars ($5.60 million) from 1.5 million dinars, the central bank said on Sunday.

($1 = 0.3036 Kuwaiti dinars)

(Reporting By Asma Alsharif; Editing by Tom Arnold) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))