Ghana at the Verge of Default on Bonds
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7 comments
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Re:Ghana at the Verge of Default on Bonds
by MR4D on Thursday November 24, 2022 @08:50PM
(#33738272)
Sri Lanka, now Ghana. The US Dollar is going to be a wreaking ball across a bunch of economies.
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Re:Ghana at the Verge of Default on Bonds
by Dig1t on Thursday November 24, 2022 @11:35PM
(#33739212)
How does the US dollar cause this? Genuinely asking, I don’t know.
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Re:Ghana at the Verge of Default on Bonds
by John23832 on Thursday November 24, 2022 @11:43PM
(#33739260)
It’s the common denomination of international debt. To pay their debt, countries need to buy dollars… which are expensive right now.
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Re:Ghana at the Verge of Default on Bonds
by credit_guy on Friday November 25, 2022 @10:01PM
(#33749466)
On the other hand, their currency being weaker, their exports are more competitive. Hard to have it both ways ...
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Re:Ghana at the Verge of Default on Bonds
by OmegaPG on Friday November 25, 2022 @06:17AM
(#33741330)
Pakistan is next.
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Re:Ghana at the Verge of Default on Bonds
by pestatije on Friday November 25, 2022 @09:49AM
(#33742846)
Italy anyone?
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Re:Ghana at the Verge of Default on Bonds
by MR4D on Saturday November 26, 2022 @06:01PM
(#33757806)
Probably not - as part of the Euro system, there is more demand for their currency relative to the dollar.
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