4 ms·
The had a currency swap. US earns interest from argentina by taking USD$20B worth of pesos. Argentina get USD$20B. By the end of the swap, Argentina "swap" the
by a_c 1y ago
The had a currency swap. US earns interest from argentina by taking USD$20B worth of pesos. Argentina get USD$20B. By the end of the swap, Argentina "swap" the borrowed USD$20B with their pesos. Argentina has to pay interest (quick googling didn't reveal the exact terms). They both get their own currency in the end.
- xnx 1y ago> They both get their own currency in the end. Unless Argentina defaults, as they have many times before.