Did the U.S. allow any latin country to repay them through printing money during the latin america debt crisis?
The debt was denominated in US dollars. Any money in the local currency would have to be converted into USD first. Printing money would be counterproductive in that case as it would lead to inflation, meaning that the money would buy fewer dollars and do less to service the debt.
The debt was denominated in US dollars. Any money in the local currency would have to be converted into USD first. Printing money would be counterproductive in that case as it would lead to inflation, meaning that the money would buy fewer dollars and do less to service the debt.
References :
RT class=” ” When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do…
”Early to bed, early to rise, keeps you healthy, wealthy and wise
array('country_code' => 64, 'country_name' => 'New Zealand'),
2 => array('country_code' => 1, 'country_name' => 'United States')
);
etc.
And then do
foreach($countries as $index => $country_data) {
echo “{$country_data['country_name']} ({$country_data['country_code']})”;
}
and then in processing do..
$country = $countries[$formData['countryCode']];
$country_code = $country['country_code'];
A little simpler than redoing it 3 times.
Cheers]]>
RT class=” ” These 60 hour work weeks are for the birds…I’m gonna start a ponzi scheme.