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by a_c
242 days ago
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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. |
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Unless Argentina defaults, as they have many times before.