Forex Traders Bank FX Pro Accounts in Turmoil after Cyprus Bank Run, FNIB Offers Refuge. first national innovation brokers
Cyprus is about to make an unprecedented financial experience: impose a strict control on the transfer of capital in an economy that does not have its own currency. FNIB you guaranteed the best Forex trading and a Gold trading online platform because simply the First National Innovation Brokers In the past, countries like the Argentina and the Iceland have implemented similar measures in the context of a devaluation of their currency. In the case of Cyprus, strict control of capital is much more complicated because the money leaving the banking system of the island does without losing its value by reason of the existence of Monetary Union.
The Cypriot Government has announced that this measure should be lifted in a few weeks, but the historical precedents leave rather skeptical about the duration of this control. When countries of Asia and Latin America have acted in this way, the controls have remained between six months and two years. Iceland, whose banking system collapsed in 2008, maintains still today a capital controls. Either five years after.
So for you to be comfortable and stable in your surrounding try to explore trading with FNIB demo accounts to be sure to see a difference.
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