Discussion in 'General Discussion' started by Peter, Oct 3, 2013.
When will banks lift foreign currency exchange restrictions?
Most banks are holding on to their Dollars (for obvious reasons) but all the banks knew this US close down was more than a "remote possibility". Best guess: When the US federal reserve, the house and senate and the government can come to some sort of agreement on 2013/14 budgets it will ease the situation. I know some people that have all their savings in US Dollars and they are trying to get to them - no point. I think at the moment the USD/GBP rate is $1:61, it has been $2:06 in the past. At the moment with congress etc and the current state of affairs in Washington things could "see-saw" for another 12 days. October 17th is the next D-Day for the Dollar.
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