Denmark rids itself of foreign debt for first time in 183 years
- The country will pay off its last foreign currency loan worth $1.5bn today - ridding itself of any FX debt obligations for the first time in at least 183 years.
Data from the Danish central bank shows the last time the central government was near paying off all its foreign currency loans was back in 1894 - when FX debt totaled less than 1 per cent of GDP.
"The central government has not needed to raise any loans in foreign currency, and the loans have been gradually repaid", the central bank said on Monday.(Excerpt) Read more at: irishtimes.com ...
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