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Other things being equal, a blocked funds restriction is more likely to have a positive effect on a project if the currency of the host

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Other things being equal, a blocked funds restriction is more likely to have a positive effect on a project if the currency of the host country is expected to over time, and if the reinvestment rate in that country is the discount rate (cost of capital). depreciate; greater than appreciate; less than depreciate: less than appreciate: greater than

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