Kuwait· Kuwait CityKuwaiti Banks Face Deposit Decline Amidst Geopolitical and Citizenship Concerns
Deposits in Kuwaiti banks have fallen sharply, with a potential Iranian threat and the revocation of citizenships cited as reasons for decreased trust and capital flight.
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Kuwaiti Banks See Rapid Deposit Decline Amidst Geopolitical and Citizenship Concerns
First report 12h agoLast update 12h agoThere are warnings of an existential threat from a potential Iranian military invasion of Kuwait, supported by recent international reports.
The decline in bank deposits is attributed to citizen fear stemming from potential war with Iran and government actions regarding citizenship, leading to a loss of confidence.
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