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Why did they need the loan so bad they had to change their currency?
by rsanek 2y ago
Why did they need the loan so bad they had to change their currency?
- wmf 2y agoBecause they're broke.
- EdwardDiego 2y agoYes, but why.
- josu 2y agoThey didn't, the IMF just offers better terms than the free market. And they are still doing their Bitcoin thing, this was just a small concession they were willing to make.
- el-salvador 2y agoEl Salvador has had limited or very expensive access to the bond market for the past years. I thinkneed it, otherwise they wouldn't have made a law to loan money from El Salvador's pension funds with 0% interest.