Hard Currency

A currency that is used and has wide acceptance internationally as a result of the stability of the country of its origin and the respect and standing that the country has in matters of international trade. As a result, these currencies are widely traded because of the global demand and this translates into great liquidity for that currency. An example is the US Dollar which is used for settlement of most international transactions. The value of hard currencies does not experience wild swings in fluctuation.

By |2018-09-04T14:29:22+00:00September 4th, 2018|0 Comments

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