Sunday 14 March 2010 | 
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Robyn Hall
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Why foreign currency loans should carry a wealth warning
10 October, 2008
One has to feel slightly sorry for some people in Iceland who have taken out foreign currency loans to finance the purchase of houses and cars, as in the space of a few days the pound has gone from buying 155 Krona to 340.
So while taking out loans in a foreign currency may seem attractive from an interest rate perspective, this should serve as a reminder that there are variables that can make it go horribly wrong.
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