Citi's secret list of currencies it will not accept for real estate payments

thenews 2016.05.10 04:43

Citigroup in Australia have a list of foreign currencies it will no longer accept as payment for Australian real estate from overseas borrowers

The Australian Financial Review reports:

* Citi will only accept the Canadian dollar, Danish kroner, European Union euro, Hong Kong dollar, Japanese yen, New Zealand dollar, Swedish kroner, Singaporean dollar, South Korean won, Swiss franc, UK sterling and US dollar

* They cite concerns about concerns about fraud and possible money laundering.

Article is here for more (may be gated)

Given there is a clear list of foreign currencies it will only accept, and all others are not acceptable ... then it hardly seems like the non negotiable currencies are 'secret'. But, there you go.

This not good news. I have no idea what I'll do with my huge stash of Columbian pesos now. But I'll, errr, sniff around and see what I can find.

source

So who hasn't lived through the day )))
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