Renowned money changer Berlin to close as Covid-19 takes toll on industry

Renowned for its attractive rates for exchanging foreign currencies, Berlin Company Exchange announced it will shut down starting next Thursday (Jan 13).  

Money changers across the globe have been badly hit by the Covid-19 pandemic, with business at a standstill for most due to travel restrictions.

A notice set to be released following Monday by the money changer has been leaked online, which stated that it will cease to operate from January 13 due to the continued impact of the Covid-19 pandemic.  

The notice also thanked its customers’ support throughout the years.  

Berlin has for years been a top spot in the city for currency exchange due to its attractive exchange rates. 

With Japan being the most popular travel destination for Hongkongers, every time when the rates for Japanese yen are dropping, Berlin’s Central office has always seen long queues, with walk-in customers having to wait in line for more than an hour to get their currency exchanged.