2026-05-11 09:22 UTC
@ChrisMayLA6@zirk.us Print money and issue debt in the same currency is a privilege
To add exchange rate fluctuation would be a huge risk
EURO - STERLING
Change from 9 May 2016 to 8 May 2026
Min (25 May 2016) 0.75925
Max (19 March 2020) 0.92985
Replies (1)
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@ChrisMayLA6@zirk.us 2026-05-11 11:09
@thanetric@mastodonapp.uk so the suggestion was only to issue around 10% in €-denominated gilts (which I didn't make clear in the edit for length, apologies).... and I think the idea is to spread that risk by virtue of the € being a more stable currency than the £ but as you note that would expose the treasury to (some) exchange rate risk...