Anonymous ID: 5d6018 Jan. 31, 2019, 7:48 a.m. No.4976108   🗄️.is 🔗kun   >>6131 >>6138

>>4976050

 

Argentina under the Kirchner administration had already reduced its debt to the IMF from $15.5 billion in 2003[25] to $10.5 billion at the time of this announcement.[42] The last and largest remaining share of the IMF debt, about $9.5 billion, was paid on January 3, 2006. The debt was in fact denominated in special drawing rights (SDR; a unit employed by the IMF and calculated over a basket of currencies). The Argentine Central Bank called on the Bank for International Settlements in Basel, Switzerland, where a part of its currency reserves were deposited, to act as its agent. The BIS bought 3.78 billion SDR (equivalent to about $5.4 billion) from 16 central banks and ordered their transfer to the IMF. The rest (2.874 billion SDR or $4.1 billion) was transferred from Argentina's account in the IMF, deposited in the U.S. Federal Reserve.[43]

 

https://en.wikipedia.org/wiki/Argentine_debt_restructuring

Anonymous ID: 5d6018 Jan. 31, 2019, 8:29 a.m. No.4976485   🗄️.is 🔗kun

Sine qua non (/ˌsaɪni kweɪ ˈnɒn, ˌsɪni kwɑː ˈnoʊn/;[1] Latin: [ˈsine kwaː ˈnoːn]) or condicio sine qua non (plural: condiciones sine quibus non) is an indispensable and essential action, condition, or ingredient. It was originally a Latin legal term for "[a condition] without which it could not be", or "but for…" or "without which [there is] nothing". "Sine qua non causation" is the formal terminology for "but-for causation".