EVERYTHING YOU SHOULD KNOW ABOUT FOREIGN CURRENCY ACCOUNTS IN PAKISTAN
From the Blog smartchoice If you earn a salary in dollars, but I see a good chance that there will be a dollar collapse in the next ten years, then you might open an account in Euros or some other strong currency, and put all or part of my savings there. You may put a set amount aside monthly so the account keeps growing. If the dollar collapses, my savings are safe and probably worth even more stored as euros. This assumes the euro doesn't collapse, too. If you look at Venezuela, who once had one of the strongest and the most stable currencies in South America, it now takes a suitcase full of cash to buy milk. That's if you can find milk. Before this happened, had anyone hedged by having an account in dollars in a bank outside Venezuela, they would be in a better position today than someone who hadn't pakistanblogs.blogspot.comRead Full Post
0 comments :
Post a Comment