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Foreign investments in domestic debt such as T-Bills and T-Bonds have fallen dramatically since 2018 and fell to a bear minimum level in 2022. Renewed interest in buying domestic debt emerges from time to time among foreigners.
The exchange rate needs to be stabilized for foreigners to invest in domestic debt targeting a major interest rate gain against investing in foreign currency debt.
The buying interest is hampered due to the uncertainty of the IMF rescue package and domestic debt restructuring.