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All change at People’s Square

A customer talks with staff yesterday at a new foreign exchange bureau inside People’s Square Metro station. The outlet, which is the first ever on the city’s subway network, said it doesn’t charge commission fees and claimed its rates are comparable to those offered by the big banks. It deals in 19 different currencies, with US dollars, Hong Kong dollars and South Korean won being the most popular so far, a staff member said.

A customer said he chose to use the bureau, which is operated by Shanghai Zhangjiang Foreign Exchange Co, as it was able to sell him Australian dollars in lowdenomination notes. The Bank of China and China Construction Bank had earlier told him he could buy only large notes. The bureau opens from 9:30am to 8:30pm daily. — Wang Rongjiang

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