Originally Posted by
ShinjukuHustler
Good evening,
Have some cash holed up in HSBC Dubai, does anyone have an informed opinion on the potential fate of the banks there?
UAE finance ministry has guaranteed the deposits of all local banks and local accounts of international banks.
If you put it offshore to somewhere like the channel islands there is no protection scheme - Isle of Man has a protection scheme but that looks to be in the sh*t as it is oversubscribed.
Cash under the mattress should be fairly safe - ACE have a sale on at the moment on safes - there's one the size of my fridge/freezer so it might just be big enough for a Captains salary..
