CBK bans overnight cash storage outside bank vaults, orders new liquidity mechanism

The Central Bank of Kuwait (CBK) has issued strict directives prohibiting the safekeeping and storage of any bank cash with third parties, ordering local banks to ensure that all liquidity remains under their direct control and within premises fully managed and supervised by them. The move comes after repeated discoveries of large quantities of cash … The post CBK bans overnight cash storage outside bank vaults, orders new liquidity mechanism appeared first on Times Kuwait .