Moratorium
The Philippines has extended a moratorium qn repayment of foreign loans by a further 90 days, a Central Bank spokesman said. The bank first froze principal repayments on the country’s $44 billion foreign debt in October, 1983, and has since extended it every 90 days.—Manila-
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Press, 12 October 1985, Page 13
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46Moratorium Press, 12 October 1985, Page 13
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