>>2079369>.They are actually in constant debt.not in the modern sense of debts and credit. they were all like private lenders or loans from other countries' royals.
not until Queen Liz 1, when she kind of invented the national bank and formalised stuff. or rather brought it back again, after her aunt Mary banned lending in the name of christian faggotry so only le juice can do lending.
https://diviningthevein.wordpress.com/2019/07/22/the-economics-of-elizabethan-england/
King Willy started the actal Bank of England much later.