BANGKOK (The Nation/ANN): Seventeen money changers have left the industry since the Covid-19 outbreak, the Bank of Thailand (BOT) reported recently.
The central bank said that as of March 31, there were 2,365 registered money changers, down from 2,382 before the pandemic.
In 2018, the BOT reported a total of 2,260 money changers, up 112 over the previous year.
Total transactions in the money changing business in 2020 slumped by 60.66 per cent year on year, while transactions in 2018 had increased 3.74 per cent year on year.
Pol Colonel Sihanart Prayoonrat, president of the Thai Association of Foreign Exchange, said that the number of transactions at money changers could increase again after vaccinated foreign tourists were granted access to the country.
Fintech, Blockchain game changers for SMEs
05 Apr 2021 - 8:57
Dr. Mohamed Abdallah (left) and Dr. Roberto Di Pietro
Deepak John/ The Peninsula
Fintech technologies have many advantages and opportunities for economic development of Small and Medium Enterprises (SMEs). Fintech and Blockchain are game changers for SMEs said an expert as digitalized process offer great potential for reducing costs and complexity of processes and is cost-efficient.
The Ministry of Transport & Communications (MoTC) and Hamad Bin Khalifa University (HBKU) organized a virtual forum entitled ‘Digitization of SMEs: An Alternative To Survive’ which focused on SMEs in Qatar and the opportunities to expand their knowledge and to use emerging and latest technology into their digital transformation journey.
An ED official here said agency sleuths carried out searches at various locations of full-fledged money changers (FFMC) situated in Mumbai and Goa at the office and residential premises of Sete Mares Global Forex Pvt Ltd and Nemichand Khemraj Forex Pvt Ltd and their directors.The
An ED official here said agency sleuths carried out searches at various locations of full-fledged money changers (FFMC) situated in Mumbai and Goa at the office and residential premises of Sete Mares Global Forex Pvt Ltd and Nemichand Khemraj Forex Pvt Ltd and their directors.The
AT News
KABUL: A large number of money changers protest the Central Bank s inattention to their problems, saying that the bank did nothing for them as an absolute dictatorship was ruling the bank s leadership.
Dadgol Hazratzai, head of money changers union, said Sunday that Ajmal Ahmadi, who illegally runs the Central Bank, is seeking ways to make troubles for businessmen .
He said that the protesting money changers do not want further confrontation, but want to open a door of negotiations with the Central Bank. According to the laws in our country, a minister or other official can run office as caretaker for 40 days, while Ajmal Ahmadi is still acting as Central Bank s governor. Do we lack other people to replace him? There is an absolute dictatorship in the bank, he said.