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Technology Stocks : Dell Technologies Inc.
DELL 133.75+2.5%3:59 PM EST
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To: Chuzzlewit who wrote (89084)1/13/1999 4:55:00 PM
From: jim kelley  Read Replies (1) of 176387
 
CTC,

I imagine that the US loans to SA are dollar denominated. Thus a devaluation of the currency would possibly make it more difficult to make the payments. The possibility of a default may be higher.
However, it does make the country and its products more competitive worldwide and may result in stimulating local industry.
It might also attract foreign capital if the capitalists believe that this is the last devaluation. All in all it seems like a tricky proposition for these countries to devalue their currency.

The solution seems to lie in agreements among the trading nations and the banks. They all need to get on the same page to make this work.

JK
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