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I hear it more & more.....any thoughts?
Mike
Mike
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Re: How long till they stop the free movement of money?
already happening at the edge of the system...Originally posted by Mega View Post
Currency Controls Return as Central Banks Fight Gains (Update4)
By Gavin Finch and Ye Xie
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Nov. 12 (Bloomberg) -- Central banks from Bogota to Mumbai are imposing foreign-exchange curbs to take control of their soaring currencies from traders dumping the dollar. -
Re: How long till they stop the free movement of money?
my favorite quote from the article you linked:Originally posted by metalman View Post
"Foreign companies licensed to invest in India can only issue participatory notes, or offshore derivatives linked to local stocks, backed by 40 percent of the shares they hold. They were barred from selling notes backed by other derivatives, contracts whose values are derived from other assets. Indian Restrictions
Trading on India's Sensitive Index was suspended and $120 billion of its market value was wiped out in a minute on Oct. 17, when the regulator proposed the measures."
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