Spending on travel by Kuwaitis and Expats rise

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KUWAIT CITY, Feb 16: In the third quarter of 2021 spending on travel by citizens and expatriates rose by 7.98 percent compared to the second quarter of the same year, after it had declined in the second quarter compared to the first quarter by 16.62 percent from 590.8 to 492.6 million dinars, reports Al-Rai daily.

The preliminary data of the balance of payments for the third quarter of last year, as well as the amended data for the second quarter of 2021, issued by the Central Bank of Kuwait Monday, spending on travel during the third quarter of 2021 recorded an increase of 15.96 percent compared to the same period of 2020, which was 458.7 million dinars, after the second quarter of last year witnessed a record jump in spending on travel, which was 506.65 percent compared to the same quarter of the previous year, which was only 81.2 million dinars.

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