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Ghana at the Verge of Default on Bonds
- MR4D 4y agoSri Lanka, now Ghana. The US Dollar is going to be a wreaking ball across a bunch of economies.
- Dig1t 4y agoHow does the US dollar cause this? Genuinely asking, I don’t know.
- John23832 4y agoIt’s the common denomination of international debt. To pay their debt, countries need to buy dollars… which are expensive right now.
- credit_guy 4y agoOn the other hand, their currency being weaker, their exports are more competitive. Hard to have it both ways ...
- OmegaPG 4y agoPakistan is next.