296 Outlets, 6 New Jobs, No1 for Currency

April 22, 2009 - PRLog -- Nothing seems to hamper the rapid growth of Scotland’s and the UK’s fastest growing foreign currency provider, No1 Currency, as they celebrated the opening of their latest Bureau de Change outlet in Edinburgh yesterday.

As the UK economy continues to spiral deeper into recession and Scottish unemployment hits an all time high of 137,000, Edinburgh-based No1 Currency shows no sign of slowing down.

The first three months of 2009 have seen an unprecedented growth with the opening of 24 new outlets. No1 Currency is predicting growth of more than 60% over this year, which will see the number of its Bureaus expand to an impressive 426 outlets by December 2009.

The latest Bureau de Change outlet located at 34-35 Queensferry Street, Edinburgh, brings the total number of branches in the No1 Currency network to 296, creates 6 new jobs and stocks 14 currencies for immediate exchange.

Cutting the ribbon to officially open the new store, Managing Director of No1 Currency, Mark McElney said, “We are very excited about the launch of this new city centre branch. Not only will 6 new jobs be created but the outlet is ideally located to offer both surrounding businesses and private individuals a convenient exchange service with unbeatable rates.”  

“The downturn in the economy has not stopped business travel to and from Scotland’s capital or private individuals from booking weekend breaks and short getaways,” Mark McElney commented, “however consumers have become far more price savvy and value for money has never been so imperative,”

As Mark McElney points out, “The current lack of trust among the UK’s banking sector has stimulated an increasing number of individuals and businesses to look for alternatives when they buy their foreign currency.”

“Although people are shopping around more than ever before, convenience is still fundamental,” explained Mark McElney. “Our unique business model ensures that we can offer the best rate of exchange every time and with a rapidly expanding network of Bureau de Change outlets we can be found on nearly every high street in the UK.”

“This latest branch opening on Queensferry Street is testament to the continuing expansion and market demand for our cost effective and convenient currency exchange services,” concluded Mark McElney.

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ENDS


Issued on behalf of No1 Currency by LLLink at Forth House, 5 Johns Place, EH6 7EL. Contact Emma Sykes on (0131) 561 8416 or emma@lllink.co.uk

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LLLink at Forth House, 5 Johns Place, EH6 7EL.
Contact Emma Sykes on (0131) 561 8416 or emma.sykes@mediavision.co.uk