Kuwait's Ministry of Commerce bans cash transactions for gold and jewelry — all payments must go digital.
Published: November 5, 2025 | By Calm Gulf Life Blog
Kuwait’s Ministry of Commerce and Industry has officially banned all cash payments for the purchase or sale of gold, jewelry, and precious metals. The new Ministerial Resolution No.182 of 2025 marks a historic shift toward digital transparency and anti-money laundering compliance.
The new rule — what exactly changed?
Under the new regulation, all gold, jewelry, and precious metal transactions must be made using non-cash payment methods approved by the Central Bank of Kuwait. Businesses caught accepting cash for these transactions may face immediate closure and be referred to investigative authorities for legal action.
Key highlights of the resolution
- Issued as Ministerial Resolution No.182 of 2025.
- Applies to all entities supervised by the Ministry of Commerce & Industry.
- Cash payments are completely banned for gold, silver, and jewelry sales.
- Only digital or bank-approved payment methods are permitted.
- Violators face shop closure and legal referral.
Why the government made this move
The decision aims to strengthen Kuwait’s financial transparency, prevent money-laundering, and ensure traceable trade within the gold and jewelry sector. Authorities believe this will help align Kuwait’s business practices with international financial standards.
- Cash transactions in gold and jewelry trading are now prohibited.
- All payments must follow Central Bank-approved digital channels.
- Enforcement will be strict — violators risk closure and penalties.
Impact on gold traders and customers
While large jewelry stores already use digital payments, small merchants who relied on cash will need to upgrade quickly. Buyers should also be ready to pay via bank transfer, debit/credit cards, or mobile payment apps. Experts say this will reduce unrecorded cash deals and bring the gold market under better financial control.
Gold shops in Kuwait now accept only digital payments — no more cash allowed.
Who benefits from this change?
The move benefits the economy by improving financial integrity and customer safety. Buyers get transparent receipts and protection from black-market pricing. For the government, it means stronger monitoring of large value trades and reduced risks of illicit money flows.
What customers should do
- Carry a debit/credit card or mobile banking app when visiting jewelry shops.
- Ask for a digital payment receipt and tax invoice.
- Be cautious of any seller still asking for cash — they may not be compliant.
Final thoughts
Kuwait’s cash ban in the gold and jewelry sector marks a turning point in financial reform. While it may feel inconvenient for cash users initially, it strengthens trust, transparency, and safety in one of the country’s most valuable industries.
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