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21.03.2017 - 07: 41

Denmark for the first 183 years remains without external debt

The Government of Denmark on Monday last repays the loan in foreign currency in the amount of $ 1,5 billion. For the first 183, the country remains without external borrowing, the central bank announced. "The central government did not need to attract foreign currency credit facilities and loans repaid gradually", - stated in the National Bank of Denmark.

According to the Danish edition Altinget, repayment of a loan does not mean that the Danish Government will not remain debt: government placed bonds denominated in Danish kroner to cover the budget deficit and other purposes. At the end of the year 2016 the debt of the central government of Denmark in national currency amounted to 635 billion kroner ($ 92 billion). total debt to GDP in Denmark is one of the lowest in Europe - 38%, European Commission data show.

According to the Danish Ministry of Finance, foreign currency loans were first made in the year 1757, then the authorities have drawn half rigsdalerov (the name of the Danish currency to 1873 years) in Amsterdam and Hamburg. Precise data on external debt in the next few decades, a bit, but the Ministry of Finance was able to establish that the last time Denmark had no foreign currency debt in the year 1834.

A source: INTERFAX

Tags: Denmark, Economy, Debt, Scandinavia