Skip to comments.
Swiss ATM "Unable To Dispense Euros At The Moment"
Zerohedge ^
| 11-15-2015
| Durden
Posted on 01/15/2015 6:42:04 AM PST by tcrlaf
Swiss ATMs refuse to deliver Euros...
(Excerpt) Read more at zerohedge.com ...
TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: bank; euro; franc; switzerland
Some Swiss banks have stopped dispensing Euros, likely because they have no idea how many Francs they are going to lose by doing so, until things settle.
1
posted on
01/15/2015 6:42:04 AM PST
by
tcrlaf
To: tcrlaf
A sure sign of a currency with a bright future.
2
posted on
01/15/2015 6:45:07 AM PST
by
Steely Tom
(Vote GOP for A Slower Handbasket)
To: tcrlaf
What happened? Did somebody forget to change the ink cartridge?
3
posted on
01/15/2015 6:47:03 AM PST
by
Texas Eagle
(If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
To: Texas Eagle
“What happened? Did somebody forget to change the ink cartridge?”
They are trying to stop what happened in Russia, before it starts.
If you are holding Francs today, you just got a 30% discount on that new Mercedes, just across the border. Or that 70-inch flat screen TV you were eyeing.
Get it while it lasts.
4
posted on
01/15/2015 6:51:14 AM PST
by
tcrlaf
(They told me it could never happen in America. And then it did....)
To: tcrlaf
“What happened? Did somebody forget to change the ink cartridge?”My bet is that the FPU tasked with the currency rate calculation burned out.
To: tcrlaf
6
posted on
01/15/2015 6:58:56 AM PST
by
bigbob
(The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
To: tcrlaf
I snicker a little when people say, “ATM machine.”
7
posted on
01/15/2015 7:22:08 AM PST
by
KingLudd
To: tcrlaf
Could this have knock-on effects to other economies apart from Switzerland and France?
8
posted on
01/15/2015 7:35:20 AM PST
by
Viennacon
To: tcrlaf
Same problem here. I can never get euros from the local ATMs.
To: tcrlaf
Think I will go take $100 out of the bank. You know, just to slide under the mattress.
10
posted on
01/15/2015 7:45:33 AM PST
by
Vermont Lt
(Ebola: Death is a lagging indicator.)
To: tcrlaf
Clearly, the ATMs are smarter than the EU.
11
posted on
01/15/2015 8:13:53 AM PST
by
Dr. Thorne
("Don't be afraid. Just believe." - Mark 5:36)
To: tcrlaf
The Swiss will have to follow the crowd by fiat printing, they’re just too small to compete with the euro. Although the Swiss make a lot of luxury items that are less price sensitive than other manufactured goods, they do lose business when local Swiss residents contract out their construction work with Italians for example. Tourism also suffers.
Now, if the euro zone breaks up and smaller currencies emerge, they will be in a better position to compete.
One good thing about Swiss currency is that they have a 1000 CHF note which is equal to $1100 or so. That makes it a high store of value for its weight.
12
posted on
01/15/2015 8:24:38 AM PST
by
grumpygresh
(Democrats & GOPe delenda est. President zero gave us patient zero.)
To: Vermont Lt; Diana in Wisconsin
"Think I will go take $100 out of the bank. You know, just to slide under the mattress." Ahem
13
posted on
01/15/2015 10:20:31 AM PST
by
blam
(Jeff Sessions For President)
To: blam
14
posted on
01/15/2015 10:23:18 AM PST
by
blam
(Jeff Sessions For President)
To: blam
Oh, that is already under the ground.
15
posted on
01/15/2015 12:26:50 PM PST
by
Vermont Lt
(Ebola: Death is a lagging indicator.)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson