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Credit Crunch

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gillken


Joined: 25/05/2008
Posts: 521

Message Posted:
08/10/2008 12:53

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Message 1 of 2 in Discussion

Can anyone tell me what is happening with the Banks in N Cyprus are they being affected by the global Credit Crunch.



I am not sure whether to transfer my dosh to my TRNC bank.



fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
08/10/2008 13:07

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Message 2 of 2 in Discussion

apparently the banks in the trnc are guarrented by the trnc central bank.

i think all banks are risky right now. keep it in a uk account or off shore account which has a guarrenty.

cyprus does not have a good record with guarrenties of any kind!



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