Central Bank of Egypt Governor Tarek Amer’s visit to Kuwait last week was to discuss the drop in transfers from Egyptians there, Al Ahram reported, citing anonymous sources. Transfers from Kuwait have reportedly fell USD 1 bn, the sources noted. The drop is being attributed to the difference between the official and parallel market exchange rates as some people are opting to move their funds outside of official channels to benefit from the higher returns in the parallel market. Sources claim Amer said this was a challenge, especially as some traders were willing to accept a 15-20% premium for foreign currency.