Oli Mohamed, Money Changer Association (Singapore)

Oli Mohamed, Money Changer Association (Singapore)

1903_MDT_730

19 March 2021
More money changers in Singapore facing closure as Covid-19 takes toll on industry
According to a Monetary Authority of Singapore spokesman, since April last year, 37 money changers temporarily ceased their business, and five of them have since resumed operations, but twelve permanently closed. So what has money changers in Singapore done to survive this huge setback? Oli Mohamed, Secretary, Money Changer Association (Singapore) shares more.
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