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October 23, 2008

Four Currency Crises: Hungary, Iceland, Pakistan, and Argentina

Compare the recent performance of four currencies now going through economic crises. Argentina is nationalizing its pension system to bail itself out of debt obligations; Hungary has had foreign lending dry up and force it to yank rates to double-digits; the Iceland story is well known; and Pakistan is looking for $4b in IMF support to meet looming debt obligations.

[via Pacific]

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