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Venezuela, Russia and Ukraine all defaulted in debt in their own currency as recently as 1998. Argentina has had an ongoing partial default in peso denominated
by JackFr 7y ago
Venezuela, Russia and Ukraine all defaulted in debt in their own currency as recently as 1998. Argentina has had an ongoing partial default in peso denominated debt.
- shkkmo 7y agoRussia did have sizeable foreign debt, they just didn't default on it. I think issues in these particular countries is related to a combination of foreign debt and trying to keep their exchange rate within a fixed band.