Denmark pays off all foreign debt for first time in 183 years

Government pays off its last loan in foreign currency

national-bank-of-denmark-4
The National Bank of Denmark. Photo: Chris Jeffery

Denmark has paid off its final loan denominated in foreign currency, putting its foreign borrowing at zero for the first time in at least 183 years.

The National Bank of Denmark said the last loan, totalling $1.5 billion, was set to be paid off today (March 20). Data before 1834 is hazy as to the exact dates when debts were repaid, but the central bank is confident the country has not been debt-free since before then.

Denmark has been steadily paying down its foreign debt since 2008, when the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.