Those businesses that were financed by foreign direct investment did not suffer so much from the lack of financing during the crisis, nor did those who borrowed in dinars, when the currency depreciated. In both these cases the foreign investors ventured into the future prospects of our economy – hoping to enjoy benefits but also sharing the risks.
Those foreign investors who bought into dinar denominated financial instruments took the fair burden on their shoulders, while those who had a stop-loss deposit with a local bank left the damage here. This discussion gives a background for our thinking about capital inflows in the future.