The 2018 Debt Crisis

What do the Turkish lira, the Iranian rial, the Russian ruble, the Indian rupee, the Argentine peso, the Chilean peso, the Chinese yuan and the South African rand all have in common? They’ve all declined steadily this year, and some have depreciated dramatically this summer. How did this situation develop? What are the geo-political and economic implications? And how is this “crisis” likely to play itself out? We’ll provide the answers you need.

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