Foreign debt is a debt instrument sold by a foreign borrower but denominated in the currency of the country in which it is sold.

Name: Foreign debt is a debt instrument sold by a foreign borrower but denominated in the currency of the country in which it is sold.
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Foreign debt is typically issued in the local currency of the borrower's country, which allows investors to avoid currency risk. This means that foreign debt is denominated in the currency of the country in which it is sold.

Foreign Debt Is a Debt Instrument Sold by a Foreign