On Mon, 7 Jul 2003 14:33:47 +0300, "Markku Grönroos"
wrote:
>
>"Chris Blunt" wrote in message
>news:oilhgvcsdpbpnmeldojf62sqpsudmn1k2c@4ax.com...
>> >>
>>
>> Of course its a retail rate - that's the rate that most travellers who
>> exchange their cash or travellers cheques get. The link was from the
>
>This is true.
>
>> Bank of the Philippine Islands, one of the largest banks in the
>> Philippines and hardly comparable to a Cambodian money changer. As far
>
>Not very seriously you are right about that. The bulk of the bank hardly has
>much to do with this. If cash rates are more favourable over TC rates, this
>doesn't mean that cash rates are favourable.
>
>> as I know just about every other bank here gives better rates for cash
>> than they do for travellers cheques.
>>
>It is one of those poor countries in which they cannot handle TCs decently.
>This is one but only one and minor reason why they remain poor.
OK, but the reason for me to show you this was in response to your
statement:
"I have NEVER seen anywhere any cash rate being more favourable than
TC rates. I don't believe you have either.".
I guess you've learned something because you have seen it now.
Chris
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