Friday, May 24, 2019

May 24 18, 2:33 pm

Peso-Dirham exchange slips further, now at Php 14.27

Filipino expats who have yet to send their money back to the Philippines can now get a great rate today, Friday, May 24 as the exchange rate favors OFWs more with a Dh 1 = Php 14.27 rate, according to the latest advisory from Sharaf Exchange. One of the main reasons...

Cebu Pacific offers seat sale, fly to Dubai for for 1,599 pesos

Manila, Philippines-- The biggest budget airline carrier Cebu Pacific will launch domestic and international seat sales starting tomorrow. Top local destinations included in the sale are Boracay, Siargao, Coron and Puerto Princesa Palawan which costs Php299 for a one...

Saudi to gradually replace Riyal notes with coins

by | News

May. 24, 18 | 2:33 pm

Saudi Arabian Monetary Agency (SAMA) announced the gradual replacement of Riyal notes with coins in the country.

The agency said that they will be slowly withdrawing Riyal notes until they are no longer in circulation.

Authorities at SAMA said the move will be done for several reasons, including ease of recycling of coins compared to notes, longer life expectancy of coins, and greater resilience to counterfeiting, reported media company Xinhua, citing reports from local news site Sabq.

“The existence of the paper riyal in circulation caused the metal to not sell and its rejection by traders, which in turn led to the lack of care of the owners of shops to provide coins,” SAMA said in Arabic.

“The average life expectancy of a coin is estimated from 20-25 years, compared to the life expectancy of the paper currency, which is estimated between 12 months and 18 months depending on the conditions of circulation,” the agency added.

The replacement of notes with coins is in line with the Saudi government’s plan to promote business efficiency geared towards the country’s economic growth.

Measures taken by SAMA for the gradual replacement of Riyal notes with coins includes allocation of sorting and counting machines for easier money dealings.

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Pinoys in UAE upbeat about Expo 2020

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DUBAI: Preparations for the Philippines’ participation at Expo 2020 is fast gathering steam with the one-million-strong local Filipino community upbeat about the chance to showcase the country to the world through the much-anticipated event. A recent post on The...

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Peso-Dirham exchange slips further, now at Php 14.27

Filipino expats who have yet to send their money back to the Philippines can now get a great rate today, Friday, May 24 as the exchange rate favors OFWs more with a Dh 1 = Php 14.27 rate, according to the latest advisory from Sharaf Exchange. One of the main reasons...

Dubai gets a taste of Isabela mangoes from PH

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Labor department seeks new autopsy of OFW killed in Kuwait

The labor department has requested the National Bureau of Investigation (NBI) to conduct an autopsy of the remains of Filipino worker Constancia Dayag who was found dead in her room at her employer’s residence in Kuwait on May 14. Acting Labor Secretary Renato Ebarle...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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