Well. Sometimes they lend in foreign currency because they get a better rate that way. There have also been occasions when they have lent in other currencies be

Well. Sometimes they lend in foreign currency because they get a better rate that way. There have also been occasions when they have lent in other currencies because they have felt that the Crown is undervalued. (Personally I favor MMR over MMT. They use mostly the same framework and ideas, but MMT seems to do quite a bit a hand waving when it comes inefficiences that arise due to the job guarantee they favor.)