2 ms·
A lot of payments are on net30 or other longer terms. If a currency plummets, you get a lot less value for your 100 million barrels of oil than you expected.
by treis 8y ago
A lot of payments are on net30 or other longer terms. If a currency plummets, you get a lot less value for your 100 million barrels of oil than you expected. So you want those payments in as stable of a currency as you can get.