What is it the amount of money that a country owes another country called?

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1202607

2026-03-24 08:15

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The amount of money that a country owes Another Country is called sovereign debt or foreign debt. This debt can arise from loans, bonds, or other financial obligations incurred by a government. It is typically expressed in the currency of the creditor country or in a widely used currency, such as the U.S. dollar. Managing this debt is crucial for a country's economic stability and creditworthiness.

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