25 June 2016 news..com.au

AUSTRALIANS overseas were stranded without cash for up to six hours after Commonwealth Bank and NAB suspended foreign exchange of the British pound following the Brexit referendum.

The bank initially announced the temporary suspension would continue until Monday morning, however a spokeswoman told The Courier-Mail the freeze was lifted just before midnight on Friday.
“The temporary suspension to retail foreign exchange transactions this evening was lifted as of midnight Sydney time on Friday.

“All retail foreign exchange channels including international money transfers, travel money card and foreign currency accounts are operating as normal,” said the Commonwealth Bank spokeswoman.

The bank thanked customers for their patience, after many were frustrated at being unable to exchange British pounds.
The freeze was attributed to the “volatile” currency situation in the UK following the exit referendum result.

EARLIER
AUSTRALIANS overseas have been stranded without cash after Commonwealth Bank suspended foreign exchange of the British pound following the Brexit referendum.
Commonwealth Bank confirmed on Twitter that they had temporarily suspended the exchange of British pounds and any other exchanges not involving Australian dollars until Monday.

Blog Editor:

A sign of things to come perhaps?