• qwamqwamqwam
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    1 year ago

    For the record, this has more to do with Argentine financial mismanagement and China’s “expansive” fiscal policy than with the dedollarization that the headline is trying to imply.

    • pandaconurbano@lemmy.fmhy.ml
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      1 year ago

      We (I’m from Argentina) have not enough dollars to pay the IMF loan and had a bunch of yuans in reserve China lend us to trade with them, a ‘swap’ as I heard they call it.

      What’s worrying is that yuans have a secret loan interest, probably quite a high rate. Don’t ask were the IMF loan money went, for sure it wasn’t spent on me.

    • Mac@federation.red
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      1 year ago

      Just more tankie posts and headlines for the tankie always posting here :)

    • ghost_laptop@lemmy.ml
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      1 year ago

      Mismanagement? Fuckk, you yanks fuck us up through the IMF. We are debt trapped in another of the US economic games. It IS related to dedolarisation because the dolar as the internstional currency causes this type of issues in explouted nations. There is a reason why us and my Brasilian brothers are doing it, us being the two biggest economies in Southamerica.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 year ago

      The reality is that US raising rates creates problems for countries like Argentina which makes repaying their foreign debt more expensive. In the end it, the drive for dedollarization is that it provides countries with a way out of the exploitative credit system US created via IMF and the dollar hegemony.