3 ms·
You can - at least in theory - convert it back. As I recall, when the scheme started, it offered a 10% discount on Bristol pounds but then would convert back a
by learnstats2 11y ago
You can - at least in theory - convert it back.
As I recall, when the scheme started, it offered a 10% discount on Bristol pounds but then would convert back at a 1:1 rate.
- vander_elst 11y agowait, so with 900 Sterling you can buy 1000 Bristol pounds, and then you can sell them to get 1000 Sterling pounds?
- philh 11y agoIIRC you could, but they only did it on the first so many Bristol Pounds sold. So their maximum loss on that arbitrage was only measured in thousands.
- JadeNB 11y ago> You can - at least in theory - convert it back. The article seems to be a bit coy about this. It says that the notes > can’t be swapped for cash at a bank but doesn't, I guess, rule out other means of conversion.