France negotiable state debt: foreign currency total
France negotiable state debt: foreign currency total stood at 0 EUR million in Aug 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities issuance table (Value · Monthly), with a complete series running from Jan 2009 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities issuance table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Negotiable state debt | |||||||||||
| Negotiable central government debt outstanding amount - Total in foreign currency | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Negotiable central government debt outstanding amount - Short-term (maturity of less than one year) in foreign currency | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Understanding france negotiable state debt: foreign currency total
Sovereign borrowing undertaken outside the domestic currency zone is measured through the total outstanding amount of negotiable central government debt in foreign currencies. This aggregate captures all tradable bonds, notes, and bills issued by public authorities denominated in foreign legal tenders, omitting all domestic currency instruments. Sibling indicators divide this foreign-currency total into short-term and long-term maturity bands, allowing researchers to evaluate external vulnerability and currency risk exposure. Valuations are reported in domestic currency equivalents using prevailing exchange rates.
Reading these figures requires separating actual changes in debt volume from valuation effects caused by exchange rate movements against the domestic currency. Revisions occur when reporting entities update exchange rate conversions or reconcile cross-border settlement data. Analysts should avoid comparing this series directly with domestic-currency debt stocks because external market dynamics and investor bases differ substantially. Seasonality does not affect outstanding stock levels, but exchange rate volatility can introduce sudden monthly shifts in reported figures.
Frequently asked questions
- How does exchange rate volatility impact this series?
- Fluctuations in exchange rates alter the reported domestic currency value of foreign debt without any transaction occurring.
- Does this aggregate include domestic currency bonds?
- No, it is strictly limited to debt denominated in foreign currencies.
- Why do governments issue debt in foreign currencies?
- Governments do this to diversify their investor base or access cheaper funding in specific foreign markets.