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Banks estimate KD 170m total withdrawals during Eid holidays
October 3, 2014, 9:38 am

 Local banks are fully prepared for the long Eid Al- Adha holiday which will start on Thursday evening until the next Saturday - Oct 11, reports Al-Anba daily quoting sources. Sources disclosed the banks expect large volume of withdrawal transactions during the holiday with an estimated total value of KD 170 million.

Sources added K-Net has prepared cash reserves to load the automatic teller machines to avoid any problem or shortage of cash throughout the holiday. On the other hand, sources said the local banks had earlier announced more than 150 free services offered to customers in and outside Kuwait through the online banking system.

Meanwhile, Head of Cooperative Societies Union Ali Hassan says the union will exert efforts to control the prices of commodities sold in all cooperative societies throughout the country, reports Al-Qabas daily. Hassan indicated that the union’s inspection teams will monitor the prices during Eid Al-Adha to ensure the increased demand for commodities is not exploited for hiking the prices.

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