It would then arrange to have an equivalent amount in foreign currency deposited in the client's accounts offshore.

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It has to have a stable, trustworthy government that is carrying out a set of constant development reforms that bring in new industries, reform the banking sector and have a good amount of foreign currency reserves in order to pay for foreign obligations and protect against attacks on their currencies.

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Pakistan delegation members in Colombo complained that they were short of shopping money because foreign currency restrictions are tight and the amount of money they can take out of Pakistan is tiny.

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You advocate doing away with central banks and limiting currency issuance to the amount of foreign reserves.

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It says that, if necessary, the central bank will create an unlimited amount of Swiss national currency to buy foreign exchange and thereby push down the value of the franc.

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