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Except Argentine debt is largely in US dollars, so they didnt do that. The US dollar bit is the problem. From the perspective of anybody outside the US the US
by neilwilson 2y ago
Except Argentine debt is largely in US dollars, so they didnt do that.
The US dollar bit is the problem.
From the perspective of anybody outside the US the US dollar is a bond - a zero percent bearer bond.
Therefore it is nothing more than a bond swap with a change in interest rate and term. The entity “owing” doesn’t change
- 79a6ed87 2y ago>Except Argentine debt is largely in US dollars, so they didnt do that. Exactly, just between a 20 and a 30 percent of our debt is in Argentine pesos. [0] 0: https://www.argentina.gob.ar/economia/finanzas/graficos-deuda/deuda-bruta-por-moneda-en-porcentaje-del-pbi https://www.argentina.gob.ar/economia/finanzas/graficos-deud...