Kuwait City, Nov. 9 -- 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 approved by the Central Bank of Kuwait.

The directive, effective immediately, aims to enhance transparency and reduce the misuse of cash for illicit activities. The ministry warned that businesses found violating the rule will face closure and legal action.

In a statement on X, the mini...