big difference ???
existing legacy parts of the nominally fixed forward payments grid
with forex adjustment
the values of that grid's locally denominated parts
remain uneffected
( at least prior to future knock on price movements
thru the import export channels )
on the other hand
the value of foreign denominated parts are of course immediately altered
in a direct product price level move
the adjustment immediately changes
the local exchange value of these obligationns
but if forex remains stable not the foreign obligations value
