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LUDDEN: "It charges me 18 shekels every day to come back and try and acquire my salary," he claims. Which is slightly below $5 in Israeli currency. He's between a Blessed number of who continue to will get a paycheck but finds it impossible to cash.
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LUDDEN: "We are tracking those that exploit people," he states, "and will shut down their financial institution accounts."
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Armaguard – which handles ninety for each cent of cash actions, totalling $6 billion each week – would proceed to move cash for another 3 a long time if banking institutions and stores paid out a further $fifty million a yr in charges To place it on a sustainable footing, he explained.
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His reviews propose the sale of Armaguard, or transformation of the business into a co-operative, is from the table, at the very least from the temporary. They also counsel a voluntary administration here will not likely come about.