Hungary’s FX debt ratio falls under 25%
jessica fejos
The ratio of foreign currency instruments in Hungaryʼs state debt fell under 25% in October, recent data released Monday by the Ministry for National Economy show, according to Hungarian news agency MTI.
The FX debt ratio fell to 24.9% in October, from 31.3% at the end of 2015. In nominal terms, FX debt reached HUF 6.286 trillion. The ratio of forint debt rose from 65.6% to 72.4% during the period.
Hungaryʼs government has taken a number of measures to cut FX state debt, thus reducing the countryʼs external vulnerability.
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