Kuwait, 3rd, Nov, 2025: The Ministry of Commerce and Industry (MoCI) has enacted Ministerial Resolution No. 182 of 2025, which imposes a complete ban on cash transactions for all companies dealing in gold, precious stones, and precious metals. Under this new rule, effective immediately, all commercial operations and contract payments must be processed exclusively through non-cash methods (such as bank transfers or digital payments) approved by the Central Bank of Kuwait. The measure is designed to boost financial transparency and strengthen Kuwait’s efforts to combat money laundering and illicit cash flows. Violating establishments face immediate closure and legal prosecution.
