Denmark just got rid of all their foreign currency debt

Denmark just eliminated their foreign currency debt.

On 20 March 2017, the Danish central government repaid their last loan in foreign currency, which totalled 1.5 billion dollars.

For the first time in 183 years, they have no foreign currency loans.

The first loan was raised in 1757, when the Danish central government borrowed the equivalent of half a million rigsdaler in Hamburg and Amsterdam

Records are then patchy till 1834:

Denmark now joins Norway and Germany as a country with no foreign currency debt - although it's not unusual for countries to issue some foreign debt to build currency reserves.

For example the US treasury owes around $1 trillion in foreign currency debt.

And here's how the UK is faring:

Denmark still has around 465 billion kroner (£54 billion) in debt, which is about 23 per cent of their GDP.

The UK's national debt currently sits at £1,699.7 billion, according to Office for National Statistics records.

Which seems worrying.

More: How much of your country’s debt rests on your shoulders