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Hard Currency

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

Hard Currency
A currency that is issued by a politically and economically stable country and is therefore well-respected in FX trade. Large, international transactions are often settled in one hard currency or other. The market to buy and sell hard currencies is especially liquid, even by the standards of foreign exchange trading. The price of a hard currency often remains stable in the short-term. Examples of hard currencies include the U.S. dollar, the British pound, the euro, and the Japanese yen.


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June 2, 2009 (KHARTOUM) -- The Sudanese central bank announced today that it is imposing a new cap on the amount of hard currency available to individuals travelling abroad.
Yonhap quoted government sources as saying the reshuffle has enabled the military to secure a major source of hard currency earnings.
Egypt's tourism industry, the country's top hard currency earner, has started to feel the pinch of the global financial crisis, with hotel bookings down 30 percent in January 2009 compared to the same month in 2008.
 
 
 
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