Exchange Restrictions

Discussion in 'General Discussion' started by Peter, Oct 3, 2013.

  1. Peter

    Peter Member

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    When will banks lift foreign currency exchange restrictions?
     
  2. Englishman

    Englishman Member

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    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.o_O
     

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