Labuan hit by coin shortage
Published on: Saturday, August 11, 2018
Labuan: Small traders, including hawkers, here are having headache in having enough coins and ringgit notes, especially 10 sen and one ringgit, which are rampantly used in daily business by these traders.One of them, CY Tan, who deals in plastic utensils said" " I went round six banks, including those my company has no account with, to change money but all of them gave the standard reply, sorry we have no small change."What many traders suspect is that it was not that the banks did not have the small currencies expect that they were reserving them for big account holders. As it was a profit-less exercise for the banks, they would want to keep it for big clients who are important to them.ADVERTISEMENT
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