The Banque de France holds part of France's debt: a little-known mechanism

France's debt has reached record levels, but part of it is held by the Banque de France.

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The fact

This mechanism, owned by the state, helps reduce the cost of debt for public finances.

An analysis explores whether this debt can also generate revenue for the state.

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Auto-synthesis from 1 media source · identified on September 7, 2026