International Finance : What currency for large international debts?
January 30, 2017 1:14 PM Subscribe
For the sake of this question assume that a powerful US businessman with many US and overseas-based commercial interests has accrued large debts to Russian banks, say a few hundred million or so. I don't know anything about international financing at that scale. Would that hypothetical debt be held and serviced in US dollars or Rubles (or something else)?