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I've seen more countries in Latin America destroyed by their own countries devaluing countries than by the USD. IMF loaned the El Salvador government 389 milli
by el-salvador 5y ago
I've seen more countries in Latin America destroyed by their own countries devaluing countries than by the USD.
IMF loaned the El Salvador government 389 million during the pandemic
https://www.imf.org/en/News/Articles/2020/04/14/pr20155-el-salvador-imf-executive-board-approves-a-us-389-million-disbursement-to-address-covid-19 https://www.imf.org/en/News/Articles/2020/04/14/pr20155-el-s...
- xiphias2 5y agoWhy loan? US printed trillions of dollars and put into its own markets and helped its own people, but didn’t think at all of giving checks to other countries that use the USD. Sure, other currencies have problems as well, that’s why it’s probably better to use the dominant open standard that has already shown that it can’t be easily inflated…it just makes sense.