webfact Posted April 30, 2020 Share Posted April 30, 2020 Forex operators plead for help in tourist-free times By THE NATION Currency exchange operators asked the government to help them on Thursday (April 30), saying their business had been hit hard by restrictions imposed to fight the virus pandemic. The Thai Association of Foreign Exchange (TAFEX) told the Centre for Covid-19 Situation Administration that the lockdown of shops and venues and the flight ban had taken a severe toll on currency exchange operations, since their business is directly connected to tourism. TAFEX, led by its president Somchai Phipathananunth, added that the government had not ordered currency-exchange booths to be closed, so operators were not eligible to receive government compensation that is being handed to businesses ordered to shut. The association wants short-term interest-free loans to boost liquidity, and a suspension of the special business tax for forex operators. It also asked the government to allow electronic transactions as a way of supporting operators with capacity. Source: https://www.nationthailand.com/news/30387067 -- © Copyright The Nation Thailand 2020-04-30 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted April 30, 2020 Popular Post Share Posted April 30, 2020 Oh dear just need to put a stitch in my side???? 1 2 Link to comment Share on other sites More sharing options...
timendres Posted April 30, 2020 Share Posted April 30, 2020 In exchange for what? Reduced spreads? Then maybe. 1 Link to comment Share on other sites More sharing options...
Surelynot Posted April 30, 2020 Share Posted April 30, 2020 Laughed so much a bit nearly popped out. 2 Link to comment Share on other sites More sharing options...
Mavideol Posted April 30, 2020 Share Posted April 30, 2020 what was there commission/mark up on the exchange rate ? no savings at all....hummm tough luck 2 Link to comment Share on other sites More sharing options...
smedly Posted April 30, 2020 Share Posted April 30, 2020 1 hour ago, webfact said: The Thai Association of Foreign Exchange (TAFEX) told the Centre for Covid-19 Situation Administration that the lockdown of shops and venues and the flight ban had taken a severe toll on currency exchange operations, since their business is directly connected to tourism. you are not alone 2 Link to comment Share on other sites More sharing options...
Grumpy one Posted April 30, 2020 Share Posted April 30, 2020 What I don't understand is why the banks closed all the exchange branch's If worried about being in contact with notes that could carry the virus for a couple of days, then is the local currency virus proof 2 Link to comment Share on other sites More sharing options...
rebo Posted April 30, 2020 Share Posted April 30, 2020 This is what I call brazen. Link to comment Share on other sites More sharing options...
saakura Posted April 30, 2020 Share Posted April 30, 2020 (edited) The Numero Uno forex company was called "Super Rich co. Ltd". Edited April 30, 2020 by saakura Link to comment Share on other sites More sharing options...
ryane66 Posted April 30, 2020 Share Posted April 30, 2020 2 hours ago, saakura said: The Numero Uno forex company was called "Super Rich co. Ltd". Chinese owned company. 1 Link to comment Share on other sites More sharing options...
LawrenceN Posted May 1, 2020 Share Posted May 1, 2020 9 hours ago, saakura said: The Numero Uno forex company was called "Super Rich co. Ltd". Are they open in Chiang Mai? Link to comment Share on other sites More sharing options...
Sharp Posted May 1, 2020 Share Posted May 1, 2020 13 hours ago, Grumpy one said: What I don't understand is why the banks closed all the exchange branch's If worried about being in contact with notes that could carry the virus for a couple of days, then is the local currency virus proof There's a massive push for a cashless society nothing to do with the virus on cash.. Link to comment Share on other sites More sharing options...
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