I Want to get Out of the US Dollar, What Currencies Do Offshore Banks Offer?

World Piggy BankThe economic situation within the United States has made some people believe that the US dollar is unstable. The primary risk for the US dollar is its potential for inflation as the nation works its way out of a recession. One of the ways to deal with this risk is to invest in foreign currencies. A method of investing in foreign currencies is through an offshore bank account that uses a currency besides the US dollar.

Offshore Banking Currencies

Offshore bank accounts have many benefits. One of those benefits is the ability to choose from a variety of currencies to bank in. Depending on the location of the offshore account, the currency selection can vary from major world currencies, such as the euro, yen and US dollar, to more minor or rising currencies such as the Chinese yuan, or the Indian rupee. Some other accounts may offer investment in the nation’s local currency.

Currencies Offered in Belize

Banks in Belize offer a variety of major world currencies besides the dollar for investment in their offshore accounts. These currencies include the euro, the Canadian dollar, , the Swiss Franc and the UK pound sterling..

As a whole, for those who wish to get out of the US dollar, opening up an offshore account could be a great method to do so. Banking in foreign currencies can provide the investment that will provide security from the potential problems the US dollar may have in the future. Many offshore accounts offer the major world currencies besides the US dollar. Belize offers five major currencies for their offshore accounts, including the US dollar.

About this author

Caye International Bank Limited (CIBL) was granted an Unrestricted "A" Class International Banking License on September 29th, 2003 by the Central Bank of Belize and is regulated by the Central Bank of Belize which set the standards for liquidity and capital adequacy.