Kuwait: No more buying gold and jewellery using cash

Kuwait: No more buying gold and jewellery using cash

Kuwait City: Kuwait has prohibited the use of cash in the trade of gold, jewellery and precious metals transactions becoming one of the first Gulf countries to adopt such a measure aimed at tightening financial controls and preventing money laundering. The decision, issued under Ministerial Resolution No. 182 of 2025 by Minister of Commerce and Industry Khalifa Al-Ajil, requires all payments in these sectors to be made through non-cash methods a…