Manila Mayor Alfredo S. Lim created a task force to strictly monitor all foreign exchange or money changer shops in the city with the expected surge people who will be exchanging foreign currency this Yuletide season.
Bureau of Permits and Development Office chief Nelson Alivio heads the task force.
Along with the creation of the task force, the mayor also warned the public to be extra cautious in dealing with money changers and make sure that they transact only with those whose operations are covered by the required permits.
Lim's warning came as it is during the Christmas season when Filipinos usually receive huge amount of money from their relatives working abroad.
The mayor also called on those who may have fallen victim or who know of any fly-by-night money changer shops to immediately report the matter to Alivio's office for swift and appropriate action.
Lim also said that the task force will conduct inspections on forex shops and, if necessary, coordinate with the police in case apprehensions are needed to be made.
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