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Is it wise to put done of your money Mongloian and other frontier market bank accounts to get higher interest rates? For example if you put your money into Khan bank in Mongolia are the only risks the bank collapsing and there may not being deposit insurance (which there may be) and if the interest is paid in Mongolian currency, currency risks versus the pound? Also is it worth putting your money in high interest rate government bonds from frontier markets as well since they may offer over 20 percent interest?
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#2
Have you checked the relative inflation and inflation stability?
Inflation in Mongolia could be very inconsistent, constantly changing compared to other countries.
I'm not familiar with the Mongolian market, or any markets besides Western countries, to be able to comment on the market stability.
Inflation in Mongolia could be very inconsistent, constantly changing compared to other countries.
I'm not familiar with the Mongolian market, or any markets besides Western countries, to be able to comment on the market stability.
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#4
That is almost certainly a bad idea. Interest rates are higher for a reason. If it was easy/safe everyone would be doing it.
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(Original post by BobbyFlay)
Have you checked the relative inflation and inflation stability?
Inflation in Mongolia could be very inconsistent, constantly changing compared to other countries.
I'm not familiar with the Mongolian market, or any markets besides Western countries, to be able to comment on the market stability.
Have you checked the relative inflation and inflation stability?
Inflation in Mongolia could be very inconsistent, constantly changing compared to other countries.
I'm not familiar with the Mongolian market, or any markets besides Western countries, to be able to comment on the market stability.
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#6
(Original post by hsv)
Interesting, though what I would like to understand is if you live in this country and have a savings account or government bond in Mongolia or another Frontier market how does Mongolian inflation affect me?
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Interesting, though what I would like to understand is if you live in this country and have a savings account or government bond in Mongolia or another Frontier market how does Mongolian inflation affect me?
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To answer your question, remember the Icelandic banks?
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#7
(Original post by hsv)
Is it wise to put done of your money Mongloian and other frontier market bank accounts to get higher interest rates? For example if you put your money into Khan bank in Mongolia are the only risks the bank collapsing and there may not being deposit insurance (which there may be) and if the interest is paid in Mongolian currency, currency risks versus the pound? Also is it worth putting your money in high interest rate government bonds from frontier markets as well since they may offer over 20 percent interest?
Posted from TSR Mobile
Is it wise to put done of your money Mongloian and other frontier market bank accounts to get higher interest rates? For example if you put your money into Khan bank in Mongolia are the only risks the bank collapsing and there may not being deposit insurance (which there may be) and if the interest is paid in Mongolian currency, currency risks versus the pound? Also is it worth putting your money in high interest rate government bonds from frontier markets as well since they may offer over 20 percent interest?
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https://www.google.co.uk/webhp?sourc...xchange%20rate
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