Dollar payments to united states lenders

Problem: Reparations payments by Germany required under the Treaty of Versailles posed a problem. How were tax payments by German citizens to their government in German marks to be converted to dollar payments to United States lenders? Explain how these transfers might have been successfully carried out. Why was Germany unable to make the reparations payments as required under the Treaty of Versailles?

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Finance Basics: Dollar payments to united states lenders
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