KUWAIT CITY, May 7: Despite the stringent monitoring regulations of the Central Bank of Kuwait on unlicensed and unregulated phenomenon of foreign exchange bureaus, there has been a significant increase in this business recently, as it has overstepped the contracting companies and import-export offices, and reached convenience stores (bakalas).

Sources privy to this kind of business revealed that there are about 39 convenience stores (bakalas) in Kuwait, which carries out “Forex” business and foreign money transfers. These shops offer irresistible exchange rates as well as special charges for huge transfers that exceed KD 4,000 each.

This prompts some expatriates to send their money through these unregimented “Forex” transfer bureaus in bakalas. They indicated that there are nine such bakalas in Jleeb Al-Shuyoukh, fi ve in Farwaniya, six in Hawally, eight in Khaitan, two in Jahra, four in Fahaheel and fi ve in Mahboula

Comments (0)

Cancel or

PIK Search

Hadees e Nabvi

11.png

Currency Rate

/images/banners/muzainirate.jpg

 

As of Sat, 19 Aug 2017 14:05:53 GMT

1000 PKR = 2.873 KWD
1 KWD = 348.117 PKR

Al Muzaini Exchange Company

Follow us


Join our Official Group Discussion

Click to Enter in the Group

PAK RISHTA Matrimonial Facilitator

Find your life partner from your own community in Kuwait A noble service for Pakistanis living in Kuwait. 100% privacy guaranteed, Contact: Abu Abdullah. 99720238 or Click to submit Details 

Advertisements

PIK News

PIK News is the best for news reader, Daily latest news, Weather of Kuwait, News Links, News widgets and RSS that automatically updates news all day long. Click to Read

PIK Cricket

Watch Live Cricket Match, Fastest Live Cricket scorecard, Statistics, Match Analysis With 24x7 Online Coverage of Cricket. Watch Now

 

PIK Book

We are introducing PIK Book

This book has been compiled to recognize the efforts of those Pakistanis who have dedicated themselves for the welfare of Pakistani community in Kuwait.

This is the first ever effort of its kind, a landmark event in the history of Pakistani community in Kuwait.

 

Contact: +965 - 99520998

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

PIK Fashion

PIK Fashion, a general term for a currently popular style or practice, especially in clothing, foot wear or accessories. View Collection

PIK Gallery

PIK Gallery is almost the best online photo management system. Show off your favorite collection to the world, it’s free and easy to upload. View Collection

Goodbye, Orkut!

Goodbye, Orkut!

After ten years of bonding and strong connections, Orkut decides to call it a day. An email...

Facebook buying messaging app WhatsApp for $19B

Facebook buying messaging app WhatsApp for $19B

NEW YORK: Facebook is buying mobile messaging service WhatsApp for $19 billion in cash and...

Nokia eyes changing game with one swipe

Nokia eyes changing game with one swipe

ABU DHABI: Nokia, a global leader in mobile communications, redefined smartphone innovation with...

سمارٹ فون، لیپ ٹاپ صحت کیلیے اچھے نہیں

سمارٹ فون، لیپ ٹاپ صحت کیلیے اچھے نہیں

ایک تحقیق کے مطابق وہ لوگ اپنی صحت خراب کر رہے ہیں جو دفتر کے بعد بھی اپنے سمارٹ فونز، ٹیبلیٹس اور...

How Pokemon Go got me to explore Karachi when nothing else would

How Pokemon Go got me to explore Karachi when nothing else would

So I may have run inside the men's restroom today. No, it wasn't like the ladies' room was...

Japanese suppliers weather electronics storm better than name brands

Japanese suppliers weather electronics storm better than name brands

Makuhari - Japan's flagship consumer technology brands have had a rough few years with their...

Are the Brains of Introverts and Extroverts Actually Different?

Are the Brains of Introverts and Extroverts Actually Different?

Introversion, it seems, is the Internet’s current meme du jour. Articles on introverts are...

India, Pakistan agree: Emotional Google ad a hit

India, Pakistan agree: Emotional Google ad a hit

MUMBAI: An emotional advertisement for Google's search engine has become a hit in India and...

Apple to extend market reach with 2 new iPhones

Apple to extend market reach with 2 new iPhones

CUPERTINO: Apple Inc unveiled on Tuesday an iPhone with a fingerprint scanner to help it stand...

Keep the shine in, oil out

Keep the shine in, oil out

Get more glow and less shine with skin-clearing solutions from leading dermatologists Oils...

  • Goodbye, Orkut!

    Goodbye, Orkut!

    Thursday, 31 July 2014 20:44
  • Facebook buying messaging app WhatsApp for $19B

    Facebook buying messaging app WhatsApp for $19B

    Saturday, 22 February 2014 18:22
  • Nokia eyes changing game with one swipe

    Nokia eyes changing game with one swipe

    Sunday, 27 October 2013 14:12
  • سمارٹ فون، لیپ ٹاپ صحت کیلیے اچھے نہیں

    سمارٹ فون، لیپ ٹاپ صحت کیلیے اچھے نہیں

    Sunday, 11 August 2013 02:12
  • How Pokemon Go got me to explore Karachi when nothing else would

    How Pokemon Go got me to explore Karachi when nothing else would

    Friday, 15 July 2016 15:46
  • Japanese suppliers weather electronics storm better than name brands

    Japanese suppliers weather electronics storm better than name brands

    Wednesday, 02 October 2013 01:27
  • Are the Brains of Introverts and Extroverts Actually Different?

    Are the Brains of Introverts and Extroverts Actually Different?

    Thursday, 29 August 2013 17:33
  • India, Pakistan agree: Emotional Google ad a hit

    India, Pakistan agree: Emotional Google ad a hit

    Sunday, 17 November 2013 17:35
  • Apple to extend market reach with 2 new iPhones

    Apple to extend market reach with 2 new iPhones

    Monday, 16 September 2013 00:00
  • Keep the shine in, oil out

    Keep the shine in, oil out

    Sunday, 25 August 2013 15:49
Go to top