All cross-border transactions in your currency are cleared by your central bank, and it is in the nature of a flag-of-convenience country that a substantial part of their assets are in foreign currencies, making them vulnerable to this kind of action.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
Which is why the British people should start sharpening their pitchforks and oiling their torches.
In a democracy, the people can and should take the state away from the government when the government misbehaves.
