High Interest Rates Show Downside of Relying Heavily on US Dollar
==========

The article discusses the negative impact of relying heavily on the US dollar and high interest rates. It highlights the risks faced by countries that have a significant dependence on the US dollar, such as Argentina and Turkey. The article mentions that these countries are experiencing economic turmoil due to the high interest rates set by the US Federal Reserve. It also discusses the potential consequences of this reliance, including currency devaluation, inflation, and economic instability. The article emphasizes the need for diversification and reducing dependence on the US dollar to mitigate these risks.



https://www.bloomberg.com/news/articles/2024-02-21/high-interest-rates-show-downside-of-relying-heavily-on-us-dollar?srnd=premium