There must have been a very large number of large withdrawals.
I tried to withdraw $20 000 in cash from my bank today. They would only give me half, due to their “reserves being very low”. They were out of $100 dollar bills, gave me $50’s instead. They said the next cash shipment to them was on the 23rd. Later in the day they called me and said the next cash shipment wouldn’t be until March 2nd. I bank at RBC, the biggest bank in Canada. My boss ran into the same thing at TD, another big Canadian bank.---quoted at Vox
Since there is no link, one suspects it was an email communication.
Generally, banks have a lot of cash in the vault. That's why there are bank robberies. For a bank to be "out" of $100's and not expecting another cash shipment for a week----that's a bit odd.
In the alternative: wouldn't surprise me in the least to find that the bank actually DID have plenty of large bills--but that they were instructed not to give them out.
1 comment:
Speculation is that Soros is making a run on the Canadian dollar, like he did on the Pound Sterling.
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