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sle

Registered: Apr 2003
Posts: 1609

08-10-12 01:09 AM

Quote from fullblotter:
it's quite an intricate system too. if you lose your job, your bank account gets frozen I believe to keep you from fleeing the country...

The banks must be super-unhappy about it, if it's true - clearly most people would keep their money in cash and only deposit enough to cover current bills; as an alternative, you would keep money in an off-shore account.

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zdreg

Registered: Oct 2003
Posts: 8338

08-10-12 03:24 AM

Quote from fullblotter:

it is. they have debtors prisons. extremely ironic...

it's quite an intricate system too. if you lose your job, your bank account gets frozen I believe to keep you from fleeing the country...

http://www.kippreport.com/2012/06/i...k-bullying-you/

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morganist
Moderator

Registered: Sep 2008
Posts: 3404

08-10-12 10:16 AM

Quote from fullblotter:

it's listed at #29...

In 2011. In 2012 it was 6th.

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AAAintheBeltway

Registered: Oct 2001
Posts: 14532

08-10-12 03:14 PM

It's a banking center for people hiding black money, sanctions evaders, crooks, conmen, etc. Otherwise, not so much.

They don't have a reliable, transparent legal system. Legal judgments obtained there are not enforceable in the western world. If you get in a commercial dispute with a local, you could find your ability to leave the country compromised or your assets seized.

There is also the security situation.

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