Showing posts with label Definition of Hard Currency. Show all posts
Showing posts with label Definition of Hard Currency. Show all posts

Friday, July 7, 2017

What is Hard currency?



Answer:
Ø  A stable currency, well supported by reserves, which is in demand in world markets and therefore easily convertible into other currencies.
Ø  A currency in which investors have confidence, such as that of an economically and politically stable country. For example, Euro, USD , Pound Sterling etc.

Wednesday, March 29, 2017

What is Hard Currency?

Answer:

Hard currency is a  freely convertible currency that is not expected to depreciate in value in the foreseeable future.