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  • rcyxqu on 2016-Apr-11 19:12:10 rcyxqu said

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  • Coralyn on 2017-Mar-22 15:41:46 Coralyn said

    East Timor is dollarised, so that means that banks in East Timor have right to issue dollars? They have accounts at the federal reserve and excessive lending is covered by automatic finance from US banks? Sounds pretty dangerous to me since banks in East Timor are not under US lesigtlation or supervision. Whatever prevents them from taking on huge debts and then defaulting on those debts like banks in Iceland did?