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There are plenty of countries that don't use the dollar but that have significant current account deficits.
by hgomersall 3y ago
There are plenty of countries that don't use the dollar but that have significant current account deficits.
- doublebind 3y agoMany of these countries though, finance theirs debts and pay them back in USD, simply because the USD is still the de facto currency in global financial markets.
- hgomersall 3y agoMany don't: the UK, most of the Eurozone, ...