Reason for this visit

Cyprus imprudently purchased Greek government bonds in 2012. When the Greek government bond management defaulted, the Cyprus banking system suffered heavy losses, exceeding 30% of the annual GDP of Cyprus, and the country's domestic debt crisis occurred. In response to the crisis, the Cypriot government introduced a terrible solution that was opposed by all the people, aggravating the crisis. At the same time, some people in Cyprus have discovered various foreign currencies that are independent of the sovereign currency and whose prices are in an upward cycle, which might be able to deal with this crisis. As a result, people poured funds into the small foreign exchange market in an attempt to hedge and protect themselves. For various reasons, Cyprus has gradually become a country with active foreign exchange transactions. In order to let investors truly understand the current situation of foreign exchanges in Cyprus, the survey team is going to Cyprus for on-site inspection.

On-site visit

This time the survey team went to Limassol, the second largest city in Cyprus, to visit the foreign exchange dealer Amana Capital as planned. The survey address is 12, Archiepiskopou Makariou III, KrisTelina House - 3rd Floor - OFFice 302, Mesa GeiTonia, CY-4000 LiMassol.

The investigators came to a local landmark building according to the address on the regulatory information. The office of Amana Capital is located in the center of Limassol. The main entrance is inconspicuous in the middle of a row of small shops, but the interior decoration of the building is very high-end.

The investigators found the company name on the water sign at the entrance of the building. The address displayed by the dealer is the third floor of the building, which is consistent with the water sign at the entrance of the building.

The investigators also found the name of the trader Amana Capital on the water sign in the lobby. Since there was neither access control system nor front desk in the hall, the survey personnel decided to go upstairs to visit directly.

The investigators found the dealer's office on the third floor, with its LOGO pasted on the door. Amana Capital uses half of the offices on the third floor. No one responded when the survey personnel rang the doorbell, so they did not enter the company to visit.

Conclusion

The actual address of the dealer Amana Capital Cyprus licensed company is consistent with the regulatory address, and the office has convenient transportation. Nevertheless, the survey personnel did not enter the company to visit, so the internal situation is unknown. Investors can make a sensible choice after careful consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.