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| June 27, 2007 | |
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Can 'company policy' justify rejecting Brunei $?
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| I REFER to recent reports on plans by Singapore and Brunei to jointly launch a new $20 note.
Many in Singapore are aware that, for the past 40 years, as a result of the Currency Interchangeability Agreement, Brunei dollar notes are legal tender in Singapore. On Sunday, I was at the Ngee Ann City outlet of Mos Burger and was told by the duty manager that the shop would not accept my friend's $5 Brunei note, as it was 'company policy'. This was despite my pointing out that it was legal tender. I have two questions for the authorities. Are companies allowed to have such a policy, which is clearly against the spirit of the agreement? If the answer is 'no', how can consumers report such companies?
Leow Yong Fatt | |
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