US Check Clearance Blocked - Americans in Israel Stranded
No Good:
"Everyone is nervous."
By: Yori Yanover Published:-- October 3rd, 2013
American banks are not processing for clearance any checks coming from outside the U.S. A Jerusalem money changer believes this is yet one more result of the American government shutdown, entering its second day. Photo Credit: Abir Sultan/Flash 90 U.S. citizens staying in Israel have discovered this week that they are no longer able to get Israeli shekels in exchange for their checks which are drawn to U.S. banks.
Until this week, Israeli foreign exchange places would accept U.S. checks, at least from their regular customers, and would pay them out for a fee of 1 percent of their value.
But this is no ,longer the case. “The problem is with the check clearance process,” a Jerusalem money changer who asked to remain anonymous told The Jewish Press. “No one outside the U.S. is able to do check clearance. It’s an international problem, it’s not a problem only in Israel.” American banks are not processing for clearance any checks coming from outside the U.S.
The Jerusalem money changer believes this is yet one more result of the American government shutdown, which is into its second day.
Original Article: Jewishpress.com
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WHY PICK ON ISRAEL ?
ReplyDeleteThe headline makes it look like this is exclusively an Israeli problem when it IS NOT !
This situation is GLOBAL and it sounds like it might simply be a legitimate U.S. safety valve kicking in due to some international money threat or scheme and probably is not connected to the shutdown.
Again, WHY IS ISRAEL BEING SO UNFAIRLY TARGETED ? ? ?
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Not 'picking on Israel' .. this is what the Jewish press printed. Cut and pasted directly from their website. I'd love to read about other countries' similar actions. Will publish them too. :-)
ReplyDelete