Philippines Shuts Schools & Suspends Forex Due to the Typhoon Trami

The Philippines has suspended government functions and closed schools. The central bank has also prohibited foreign currency due to Tropical Storm Trami, which is approaching the east coast of Luzon, the country's main island.

Trami's core was last estimated to be 180 kilometers (112 miles) off the central town of Virac in Catanduanes province, according to a 5 a.m. (2100 GMT) alert from official weather forecaster Pag-Asa.

Pag-asa also warned that coastal communities along the typhoon's route will endure strong winds, heavy rain, and storm surges.

The Philippines shuts schools due to tropical storm Trami

As typhoon Trami moves toward the Philippines, it has brought heavy rain, forcing local governments to evacuate residents in its path. The typhoon, which featured wind gusts of 85 kph (53 mph), also closed government offices and schools on the main island of Luzon.

In addition, on Wednesday, the Philippine central bank suspended currency trading and monetary activity for the day. Yet, the president's office announced that agencies involved in disaster assistance and critical services will remain open.