Post to offer new exchange service

Friday 4th April 2008, 2:29PM BST.

Chief executive of Guernsey Post Gordon Steele. The utility has bought Batif and will now provide a foreign-exchange service. (Picture by Adrian Miller, 0559376)

GUERNSEY Post has entered into the foreign currency market after it bought Batif this week.

Islanders will, from next week, be able to buy euros and dollars from any branch while the Post Office in Smith Street and Batif in North Plantation will stock 18 different currencies.

Guernsey Post bought the business from Brian Rumens, who will stay on in the short term to ensure a smooth transition, and Gordon Steele, chief executive at Guernsey Post, said the acquisition showed the company was in good financial shape.