Several money exchange companies summoned for interrogation – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 28-Jun-2022
- Source: Arab Times Kuwait
- Sector:Financial Markets
- Country:Kuwait
Several money exchange companies summoned for interrogation – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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KUWAIT CITY, June 27: The Competition Protection Authority (CPA) has summoned for interrogation a number of exchange companies, against the background of allegations that they have concluded a collective agreement to unify the prices of remittances according to rates agreed upon daily, and this includes the exchange rate margin of their converted currencies, reports Al-Rai daily. Reliable sources from the authority said it constitutes a violation of the provisions of the device law.
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