Hello all,
I was talking to a friend of mine in Santo Domingo about opening up an account in Euros with Banco Popular, and he turned around and almost crucified me for the idea. He said that Euro and Dollar accounts are not safe and that EVERYONE he knows has dissuaded him from opening an account in a foreign currency here. He couldn't, however, tell me why exactly it was such a horrible idea. I'm wondering if there's really anything to be afraid of as far as security of one's funds would go.
Do any of you have Dollar or Euro accounts? Ever run into any problems?
Thanks
I was talking to a friend of mine in Santo Domingo about opening up an account in Euros with Banco Popular, and he turned around and almost crucified me for the idea. He said that Euro and Dollar accounts are not safe and that EVERYONE he knows has dissuaded him from opening an account in a foreign currency here. He couldn't, however, tell me why exactly it was such a horrible idea. I'm wondering if there's really anything to be afraid of as far as security of one's funds would go.
Do any of you have Dollar or Euro accounts? Ever run into any problems?
Thanks