Friday, 5 July 2024
5 days ago
Did local borrowers mistime their dollar loans just as peso began to weaken?
By: Daxim L. Lucas
The peso’s weakness, which began toward the end of the first quarter, resulted in the local currency depreciating by over 6% since then. This means a borrower who took out a loan in mid-March would today be carrying 6% more debt in peso terms.
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