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Thursday, November 20, 2008
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lazen
Activist
 Posts:296
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| 29/05/2008 9:42 AM |
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In desperation many middle class negative equity holders are looking for hedges to buoy them up. Some are trying to partake in the soaring Indian Economy by attempting to buy Rupees(Indian). However they were in for a rude shock. Marks and Spencers Bureau des Changes have banned the Indian currency "from their system". When approached the Meditterannean looking( -believed Israeli-)operatives just made a face and shrugged. "We refuse to handle that particular currency"they said. "its just not part of our system.I dont know where you would be able to purchase it." "Is it a restricted currency" No they said. This is very strange given newspaper hype about the booming Indian economy and Midland Banks large posters offering "Free Currency transfers to India". (but they have recently closed all their Indian staffed in bank Bureau de Changes over a year ago and it is now dealt with by a call centre in Mumbai). Perhaps the currency is just to weak or so few people want to travel back to India?
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