clairep01
06-02-2009, 02:48 PM
Whilst investigated my FX trading, one of my managers has told me that Brazil and Egypt are restricted currencies so any trades done in these currencies are done by the custodian or their sub-custodian. Can anyone elaborate?:confused:
Stuart Catt
06-02-2009, 02:51 PM
This is because there are currency restrictions in each market that prevent free movement of the local currency.
aclark
06-02-2009, 05:23 PM
Claire
Other restricted currencies include: Taiwan, Korea, Vietnam, Sri Lanka, Argentina and Ukraine. (info supplied by Guillaume)
Andy