Stable (relatively, even if stable unfortunately implies way too high unemployment) and decent yields! As long as the money flows in, the currency appreciates and the return to foreigners is a great yield PLUS appreciation. When the tide turns and the currency starts to depreciate, I suspect there will be a mad rush to pull money the hell out and not be the last man standing.

To my mind, remaining currency controls are more of an issue in terms of the admin and logistics. You have to have a serious amount of money to bump up against the limits at the moment. Certainly high enough that the votes that are affected really disappear in the rounding. I also wonder how much outsiders really care about this. The “markets” don’t seem to have been perturbed by the nationalisation debate so I suspect there are bigger fish to fry in their minds.

But overall, yes, agreed, there are definite risks to the currency (probably both on the upside and the downside). If I were heavily exposed to currency in the short time I’d be hedging.