Tag: Political Risk

If you want to open a bank account in Vietnam, you better have a good reason. Banking here can be insanely expensive. Not to mention extremely difficult to open accounts unless you’ve got the right visa. And, it’s not a great sign that wealthy Vietnamese are looking to open accounts elsewhere. Not to mention, tough […]

Imagine waking up on Sunday morning and finding out that there’s a gold prohibition. That you, as a private citizen, can no longer own gold coins, bullion, or gold certificates. Don’t worry about whether you actually own any of these right now. Just think about being told you “can’t”. It’s hard to even picture how […]

I’m just as surprised as you are that I’m writing about Cuba’s banking sector. But here I am, writing from my balcony in Havana. While I’ve traveled to a lot of different countries over the years, Cuba never made the cut. So I decided to make a stopover while I was visiting banks in the […]