Poor countries feel sting of local-currency debt
5 min read . Updated: 05 Dec 2022, 07:10 PM IST 
PremiumSome economies were unprepared when the foreign investors who flocked to their local-currency markets suddenly wanted out
Some of the world’s poorest economies embraced borrowing in their own currencies as a shield from painful swings in the US dollar. Now that strategy may be coming back to bite.
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