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Home > QFINANCE Dictionary > Definition of debt swap

Definition of

debt swap

Finance

exchange of country's debt for local currency a method of reducing exposure to long-term debt of nations with undeveloped economies by purchasing the debt at a discount and exchanging it with the central bank for local currency

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Definitions of ’debt swap’ and meaning of ’debt swap’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’debt swap’ and other financial terms with our online QFINANCE Financial Dictionary.

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