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Devaluation Devaluation
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  #1  
Old 04-01-2002, 08:22 PM
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Join Date: Mar 2002
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lisliuq Level 1 (10)
Post Devaluation
Hi, Frederick

I want to know if is posible that DR get in the same situation of Argentina, and why could that happen?
thanks.
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  #2  
Old 04-01-2002, 11:57 PM
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Join Date: Mar 2002
Posts: 3,902
MommC Level 1 (10)
Default It's happened before.......
and could happen again.
One cause is rampant borrowing by the gov't such has been happening the past two years with the inability to repay the loans.
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  #3  
Old 04-02-2002, 01:44 PM
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Join Date: Jan 2002
Posts: 85
frederic Level 1 (10)
Default Re: Devaluation
Quote:
Originally posted by lisliuq
Hi, Frederick

I want to know if is posible that DR get in the same situation of Argentina, and why could that happen?
thanks.
NOT FOR NOW....But if the Government continues its Borrowing Frenzy for a longer time...it won't be long until we Argentinize the Domincan Republic.
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