News for hackers. Stuff that matters.

A comment on Ghana at the Verge of Default on Bonds. Parent comment

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.
[ Parent | on HN ]
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.
[ Parent | on HN ]
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 ...
[ Parent | on HN ]