[MichaelMoser123]

interesting. Now how is the economy supposed to function with limitations on bank transfer? Wouldn't that make it difficult to repay debt?

[pjc50]

Lots of paperwork, I think. Every non-trivial transfer requires approval. Here's how it used to work in the UK until 1979: http://www.bankofengland.co.uk/archive/Documents/historicpub...

Edit: yes, this makes commerce difficult. A finance correspondent I follow on twitter says to expect petrol rationing.