Thursday, February 17, 2005

No, no, please, that's enough 

As long-time readers will know, part of my consulting life is to work with central banks. It's pretty arcane stuff and seldom a source of humor. But this is just too delicious not to share.

National Bank of Uzbekistan accepts no deposits from individuals any more. The statement its press service released by way of explanation indicates that the Bank has accumulated colossal savings already and does not have the time to handle them all.
"We already have too much of your money, please do not give us any more." That might be a first.

BTW, fellow monetary economists, I am aware that it's unusual for central banks to take deposits from individuals. It's the explanation that tickled me.

H/T: The Argus.