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Most countries are not self-sufficient and do export/import and many countries are not able to issue debt in their own currencies.
by KoolKat23 3y ago
Most countries are not self-sufficient and do export/import and many countries are not able to issue debt in their own currencies.
- neilwilson 3y agoSo what? You can only import what you can export. In a floating system that swaps the currencies around just fine. Draw it out and do the balance sheets. Local importers end up paying the local currency costs of exporters.