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If you are getting paid in $US and paying your bills in roubles then their is lots of point to it. If you are getting paid in $US and paying your bills in $US then it is one way to catch up.

Look at Argentina it matters very little if they increase exports.
The problem is their currencey has been devalued & no amount of extra exporting will change that. Its just an increase of income for a certain period of time not something that is going to help the currencey revalue.

Any increases in export output may not be possible without first needing improvements of infrastructure without foriegn investment that is unlikley. Don't forget that is why they got in debt in the first place.

The money they owe (the loans they defaulted on) is in USD, thats always the case cause thats what foriegn debt is foriegn. If your a goverment & you owe money to yourself..... big deal.

I find this comment so ridiculous it's unbelieveable.
You always struggle with these cashflow posts.

JR




JR
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