Question 1

What is the "Informal Currency Exchange Street Dealers" scam in Kuwait City?

Accepted Answer

Unlicensed street money changers operating near Souq Al-Mubarakiya and in parts of the Farwaniya commercial district offer exchange rates slightly better than banks, then use sleight-of-hand to short-change customers, swap high-denomination bills for lower ones, or include counterfeit notes in the bundle. This is particularly common when changing USD, GBP, or EUR into Kuwaiti dinars. Use only licensed exchange bureaus with a clearly posted rate board and a registered trade name, or withdraw dinars directly from an ATM. Never exchange money on the street regardless of the rate offered. Count all notes in full view before leaving the counter.

Question 2

What is the "ATM Skimming" scam in Kuwait City?

Accepted Answer

ATMs in less-monitored locations in the Hawalli and Farwaniya commercial areas have been subject to skimming device installation. Kuwait's high cash usage culture and the prevalence of foreign workers using ATMs for remittances make these areas higher-risk than central Kuwait City banking districts. Use ATMs inside bank branches (NBK, Gulf Bank, Burgan Bank) during business hours. Shield the keypad when entering your PIN. Check for loose components on the card reader before inserting your card. Monitor account statements daily while in Kuwait.

Money & ATM Scams in Kuwait City

Informal Currency Exchange Street Dealers

ATM Skimming

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