Cyprus-Forum.com

[userfromgermany]

What is new at Cyprus?
Did you got your money?

Are you interested into buying now stock exchanges? They are cheap now?

[Maximus]

What is new at Cyprus?
Did you got your money?

Are you interested into buying now stock exchanges? They are cheap now?

I am at work and have not had the chance to go and open another bank account yet. I am interested in sinking my money into property when the prices fall.

[DrCyprus]

Yestarday I bought 10 ounces of silver from the Austrian Mint. I will sell them when the price goes over 30 euros again.

[Maximus]

Yestarday I bought 10 ounces of silver from the Austrian Mint. I will sell them when the price goes over 30 euros again.

I also leveraged all the funds in my trading account and sold off euro's as compensation for this debacle.

[Tim Drayton]

What is new at Cyprus?
Did you got your money?

Are you interested into buying now stock exchanges? They are cheap now?

Please refer to my reports on the thread "Your banks are toast".

[userfromgermany]

Yestarday I bought 10 ounces of silver from the Austrian Mint. I will sell them when the price goes over 30 euros again.

I also leveraged all the funds in my trading account and sold off euro's as compensation for this debacle.

You mean you sell your stocks when they are DOWN, and buy them back when they are UP?!

[Maximus]

Yestarday I bought 10 ounces of silver from the Austrian Mint. I will sell them when the price goes over 30 euros again.

I also leveraged all the funds in my trading account and sold off euro's as compensation for this debacle.

You mean you sell your stocks when they are DOWN, and buy them back when they are UP?!

No, I mean I sold euros in exchange for US dollars.

[DrCyprus]

Yestarday I bought 10 ounces of silver from the Austrian Mint. I will sell them when the price goes over 30 euros again.

I also leveraged all the funds in my trading account and sold off euro's as compensation for this debacle.

You mean you sell your stocks when they are DOWN, and buy them back when they are UP?!

No, I mean I sold euros in exchange for US dollars.

Did you withdraw your dollars?

[Maximus]

Yestarday I bought 10 ounces of silver from the Austrian Mint. I will sell them when the price goes over 30 euros again.

I also leveraged all the funds in my trading account and sold off euro's as compensation for this debacle.

You mean you sell your stocks when they are DOWN, and buy them back when they are UP?!

No, I mean I sold euros in exchange for US dollars.

Did you maintain them in the account?

I have a margin trading account outside of Cyprus and I have already closed/reversed the transaction.

The depreciation is not over yet in my opinion though.

[cyprusgrump]

Got to the bank in Pissouri about 1pm to see a small queue of people outside...



All very good natured...

There was a security guard letting people in two at a time - partly to save everybody overhearing their problems.

We couldn't get any cash - the Bank of Cyprus simply has no mechanism for transferring money from our 90-day account into our current account so that we can draw it from a cash machine. Previously we could take out €1,000 per day with no penalty.

Consequently, we have had to give three months notice on the account. They will then transfer €5,000 to our current account in June from which we can take €600 per day (€300 each). the remainder will return to a 30 day account which we will give notice on... etc.

Some harrowing stories outside the bank - an English guy is due to have an operation on his throat Saturday but they simply cannot withdraw the €1,000 deposit they need for it to go ahead.

A Greek guy we know is in the same position as us but has no cash on him at all and was considering flying out of the country to withdraw funds elsewhere.

And English couple with all their savings in the bank and still no information on the size of the haircut they are going to get...