Guys,
After reading the DR1 newsletter today about BanInter, I thought I'd go down there to see if I could withdraw my money. Due to reading the DR1 newsletter I've been cautious with the local economy. Thanks Rob!
I arrived 1 hour before the bank closed. There was a line of people there which will take them about 1.5-2 hours to handle, it was the biggest line I've seen there. Everyone was waiting patiently.
I asked one of my friends who works at BanInter what was happening. She said there have been a lot of people trying to take out money since Tuesday. She also told me that the best time to go in is 12:30-2:30. Apparently almost nobody is in the bank during this time. She said bank opening time was the worst, since there are a ton of people there then.
I agree with a comment Scott made a while ago, that the guarantees from the Central bank are probably good - but what if something happens to the central bank?
For now I'm going to limit my risk by closing my USD account. But I think I'll leave my pesos accounts open.
What has been the experience of other people?
Adrian
Edited to include:
P.S. Here's a press release about what is going on:
( BW)(NY-FITCH-RATINGS/BANINTE) Fitch Dwngrs Banco Intercontinental Indiv Rtg to 'E' from 'D'
http://tinyurl.com/99dj
After reading the DR1 newsletter today about BanInter, I thought I'd go down there to see if I could withdraw my money. Due to reading the DR1 newsletter I've been cautious with the local economy. Thanks Rob!
I arrived 1 hour before the bank closed. There was a line of people there which will take them about 1.5-2 hours to handle, it was the biggest line I've seen there. Everyone was waiting patiently.
I asked one of my friends who works at BanInter what was happening. She said there have been a lot of people trying to take out money since Tuesday. She also told me that the best time to go in is 12:30-2:30. Apparently almost nobody is in the bank during this time. She said bank opening time was the worst, since there are a ton of people there then.
I agree with a comment Scott made a while ago, that the guarantees from the Central bank are probably good - but what if something happens to the central bank?
For now I'm going to limit my risk by closing my USD account. But I think I'll leave my pesos accounts open.
What has been the experience of other people?
Adrian
Edited to include:
P.S. Here's a press release about what is going on:
( BW)(NY-FITCH-RATINGS/BANINTE) Fitch Dwngrs Banco Intercontinental Indiv Rtg to 'E' from 'D'
http://tinyurl.com/99dj
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