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DEBT-FOR-CASH SWAP [1 record]

Record 1 1998-02-16

English

Subject field(s)
  • Currency and Foreign Exchange
DEF

Exchange of debts for cash. This is done through the secondary market of bank claims where a country's debt can be sold for cash at a discount. Mainly used so far in Chile. Note that the actual Chilean process is called "adquisición de títulos de la deuda externa". In Ecuador they use the term "secretización" to describe the process of converting foreign debt into the Ecuadorian sucre.

French

Domaine(s)
  • Politique monétaire et marché des changes

Spanish

Campo(s) temático(s)
  • Política monetaria y mercado de cambios
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