3 ms·
It's literally a loan to Argentina to support the friendly government there and the US's existing interests in pesos. If we didn't do it, the peso would probab
by londons_explore 1y ago
It's literally a loan to Argentina to support the friendly government there and the US's existing interests in pesos.
If we didn't do it, the peso would probably hyperinflate again and all our investments denominated in pesos would become worthless.
If we do do it, we get back all our money as long as the currency doesn't collapse in the future.
- rchaud 1y agoMy comment was in response to the parent which hypothesized that this was done to devalue the dollar to make US exports cheaper.