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I wouldn't expect that to last long; Switzerland have said they're planning to join the list of countries sanctioning the Russian regime.
by M2Ys4U 5y ago
I wouldn't expect that to last long; Switzerland have said they're planning to join the list of countries sanctioning the Russian regime.
- smoe 5y agoSwiss government just anounced in a press conference, that they will implement the EU sanctions. Accounts of the listed persons would be frozen effective immediately.
- nradov 5y agoCash Swiss francs remain a popular way for Eastern Europeans to save and hide wealth. This demand can impact the exchange rate even with sanctions in place.
- xxs 5y ago>a popular way for Eastern Europeans to save and hide wealth Save - I'd not think it's not a popular instrument, and it's hard to buy lots of it. (Technically you can trade it as forex and the let the position open?). Hide - as in "cash under the blanket": 1) moving cash in the EU is regulated (ie 10k euro), and to do that they'd have to have an account in CHF send money (in any other currency to), and then withdraw in cash. I am not sure how many banks offer CHF accounts outside Switzerland.