3min chapter

The Joe Walker Podcast cover image

Ken Henry — An Economic Odyssey

The Joe Walker Podcast

CHAPTER

Does It Matter if the Debt Isn't Denominated in a Foreign Currency?

I have three specific questions about that FSAAP report. And then I'll come back to the narratives question. The first question is, does it really matter if the debt isn't denominated in a foreign currency? Ah, you've got. Okay. So we did see this as a big advantage for us that we were able to sell debt in Australian dollar. Right. If the debt is denominated in your currency, then the interest at some point the interest rate should pay again to reflect expectations of bilateral currency movements. Yeah. Of course.

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