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What happens if the exchange rate changes between the dollar and local currency during the loan term?

April 26, 2017changes currency dollar exchange rate happens loan local term

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What happens if the exchange rate changes between the dollar and local currency during the loan term?

1 Answer

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Your loan will be managed by Pajebal in dollar terms. This is to say that our loan contracts in Guatemala are denominated in US dollars,a legal currency there, and we always return you principal in dollars if you choose to withdraw.