{"id":116334,"date":"2022-12-29T13:00:32","date_gmt":"2022-12-29T10:00:32","guid":{"rendered":"https:\/\/timeskuwait.com\/news\/?p=116334"},"modified":"2022-12-29T13:00:32","modified_gmt":"2022-12-29T10:00:32","slug":"new-banking-mechanism-to-detect-counterfeit-money","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/new-banking-mechanism-to-detect-counterfeit-money\/","title":{"rendered":"New banking mechanism to detect counterfeit money"},"content":{"rendered":"<p style=\"font-weight: 400;\">The Central Bank of Kuwait has introduced a new form to prove counterfeit banknotes, by setting up a unified mechanism for local banks in the event that any forged banknote is detected.<\/p>\n<p style=\"font-weight: 400;\">Informed sources told a local Arabic daily that the regulatory update, which will be implemented starting from January 1, will ensure the detection of counterfeit banknotes through the form of a memorandum proving the deposit\/presentation of counterfeit banknotes that each bank must work with in the framework of checking and sorting out the Kuwaiti banknotes.<\/p>\n<p style=\"font-weight: 400;\">The Central Bank pointed out that its move in this direction also comes as part of the regulator&#8217;s endeavor to develop services provided to local banks, as part of the digital portal project to complete banking sector transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Kuwait has introduced a new form to prove counterfeit banknotes, by setting up a unified mechanism for local banks in the event that any forged banknote is detected. Informed sources told a local Arabic daily that the regulatory update, which will be implemented starting from January 1, will ensure the detection [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18],"tags":[],"class_list":["post-116334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New banking mechanism to detect counterfeit money - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/new-banking-mechanism-to-detect-counterfeit-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New banking mechanism to detect counterfeit money - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Kuwait has introduced a new form to prove counterfeit banknotes, by setting up a unified mechanism for local banks in the event that any forged banknote is detected. Informed sources told a local Arabic daily that the regulatory update, which will be implemented starting from January 1, will ensure the detection [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timeskuwait.com\/news\/new-banking-mechanism-to-detect-counterfeit-money\/\" \/>\n<meta property=\"og:site_name\" content=\"TimesKuwait\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/timeskuwait\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-29T10:00:32+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2020\/04\/Kuwait-central-bank-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"380\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TimesAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:site\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TimesAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/new-banking-mechanism-to-detect-counterfeit-money\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/new-banking-mechanism-to-detect-counterfeit-money\\\/\"},\"author\":{\"name\":\"TimesAdmin\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/person\\\/1f7ebf5aeb4e2934be640ecead337f70\"},\"headline\":\"New banking mechanism to detect counterfeit money\",\"datePublished\":\"2022-12-29T10:00:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/new-banking-mechanism-to-detect-counterfeit-money\\\/\"},\"wordCount\":133,\"publisher\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/new-banking-mechanism-to-detect-counterfeit-money\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/Kuwait-central-bank-1.jpg\",\"articleSection\":[\"Featured\",\"Local\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/new-banking-mechanism-to-detect-counterfeit-money\\\/\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/new-banking-mechanism-to-detect-counterfeit-money\\\/\",\"name\":\"New banking mechanism to detect counterfeit money - 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