I have a largish Sterling Cheque. I don't want to convert this to Euro at the moment because the Sterling rate is poor.
I am thinking of opening a Sterling Account here in Ireland with one of our main banks. It is a holding account with nil interest.
The plan would be to convert all or some of the Sterling back to Euro when the exchange rate improves.
Do I have to notify Revenue or anyone about this or do I just treat it the same as I would an Irish Euro account?
I am thinking of opening a Sterling Account here in Ireland with one of our main banks. It is a holding account with nil interest.
The plan would be to convert all or some of the Sterling back to Euro when the exchange rate improves.
Do I have to notify Revenue or anyone about this or do I just treat it the same as I would an Irish Euro account?