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Who issues it? The government? If so, who lends those Dollars to the government?
by ArtTimeInvestor 5y ago
Who issues it? The government? If so, who lends those Dollars to the government?
- refurb 5y agoMy understanding is the government would sell debt and get USD in return. When the debt matured, the bond owner would get USD in return. USD bonds are more attractive since they remove the exchange rate risk, but as happened, the government could t repay the debt in USD.