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Money changers here are reeling from the impact of the coronavirus outbreak.
Business has been down by about 60 per cent for all currencies, but the South Korean won and yuan have suffered the most.
The New Paper visited five money changers at Bishan on Monday evening and at Raffles Place yesterday.
While short queues formed at a few shops around noon at The Arcade in Raffles Place, money changers said it was a far cry from the normal crowded scene at lunchtime.
“It has completely stopped,” said Mr Abdul Haleem, a managing partner of City Money Changers in The Arcade, about the sales in won during the last couple of days.
Another money changer at The Arcade said business in won has dropped by about 80 per cent, while others see just one customer a week for yuan.
A travel advisory issued by the Ministry of Health on Sunday against non-essential travel to Daegu city and Cheongdo county in South Korea has prompted many holidaymakers to cancel or postpone their trips to the country.
Mr Hussein Ahmed, who runs AR Money Exchange in Junction 8 in Bishan, said: “On a normal day, we close the shop between 9pm and 9.30pm.
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