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Why IMF now?

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Borrowing money to pay borrowed money is the stupidest thing anyone can do. It's equivalent to financial prostitution and is haram. We need to stop becoming money worshipers , if the system isn't working then either we need to change it or change ourselves.
That's exactly what nawazoo did but with high interest short term loans what we can do in short term is to replace them with low interest long term loans. if we fail to do so we will default and become deadbeats
 
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