CBK orders local banks to stop storing surplus cash with third parties from Jan 1, 2027
<p>Stronger control over cash: Banks will have full and direct responsibility for their cash, rather than leaving surplus funds with external money-transfer or cash-storage companies. This is intended to improve oversight and ensure cash is stored securely. Lower operational, security and legal risks: The Central Bank wants to reduce the risks associated with keeping cash …</p> <p>The post <a href="https://timeskuwait.com/cbk-orders-local-banks-to-stop-storing-surplus-cash-with-third-parties-from-jan-1-2027/">CBK orders local banks to stop storing surplus cash with third parties from Jan 1, 2027</a> appeared first on <a href="https://timeskuwait.com">Times Kuwait</a>.</p>