Letters

Letters

October 19 - 25, 2016
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The Great Britain Pound (GBP) has been on a downward path post-Brexit. It hit a 31-year low last week, resulting in a loss of  up to 18 per cent of its value but profitable to the Europeans residing in the Gulf Cooperation Council (GCC) countries of Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates.

With the GCC currencies pegged to the dollar, the weakening of Sterling has positively impacted remittances. At UAE Exchange, our remittance volume from the GCC to the UK showed a steep growth of 135 per cent the past week vis-à-vis the same period during last month.

Though uncertainties prevail around the UK’s economic prospects outside the EU, British expats are cashing in on the favourable exchange rate and remitting to their home country.


Promoth Manghat, CEO, above, UAE Exchange.

 

We are delighted to announce that we’ve arrived safe and sound in Japan!  We are kennelled in the quarantine facility for the next month and can’t wait to be allowed out to explore all the greenery. 

We would like to thank our Aunty Sarah Clarke who helped us to write our GulfWeekly article. We’re sad that she is still living in Bahrain and that we can’t give her a sloppy kiss. Our human family hope she will come and visit us soon.

Please remember that you can always take your pet with you wherever you go in the world with a little advanced planning and support from your friends.


Kisses and wags from

Pearl and Maximus, ex-residents of Bahrain and former rescue dogs  from the BSPCA.







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