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

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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