Ken Williams: “UniCredit Bank Limits ATM Withdrawals” – Gold Goliath

Posted on :Mar 03, 2014

The demand for cash in Ukraine is escalating and UniCredit Bank answers with limited ATM withdrawals to 500 UAH per day.

The management board is assuring bank clients that these measures are temporary and will be canceled when the situation normalizes. This equates to a very uncertain “when”.

These measures limiting client withdrawals are becoming increasingly familiar from the global standpoint and seem to be the bankers only line of defense against bank runs.

Gold Goliath is not your typical gold dealer.

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