While small forex kiosks were struggling, online services were doing better than ever as Covid-19 accelerated the declining rate of travellers cash conversion.
Lotus had 17 kiosks nationwide, and with the help of the wage subsidy it had not fired staff or closed any of its stores yet, he said. “So far we haven’t had to let go of staff. There re no signs of opening anytime soon, we re holding off until April, hopefully once the vaccine arrive our borders will open again.”
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Lotus Foreign Exchange country manager Nada Ramanathan says revenue had dropped 90 per cent since borders were closed because of Covid-19. But other major banks had continued to offer the service, despite demand falling. A Westpac spokesman said demand for foreign exchange services had reduced since Covid-19 due to border closures.
VALLY CITY, N.D. (NewsDakota.com) – Fargo Shanley used a 15-0 run in the first half to take a 12 point lead and held that lead the rest of the game in a 68-52 win over Valley City in boys basketball Tuesday night at the Hi-Liner Activity Center.
Valley City took its only lead at 5-4 on a bucket inside by Calahan Burchill then extended the lead to 7-4 on a basket underneath by Drew Zaun with 15:33 to go in the first half. That would be the last lead the Hi-Liners would have. The Deacons would hold the Hi-Liners scoreless for the next 6:40 and go on a 15-0 run to open up a 19-7 lead. The two teams would be dead even the rest of the half 22-22 for a 41-29 lead at the half.