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Hard Loan

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Hard Loan
A loan made in a foreign currency that is stronger than the domestic currency. For example, a Turkish company may loan money to a Syrian company in euros because the euro is a stronger currency than either the Turkish lira or the Syrian pound. A hard loan carries foreign-exchange risk, but this is considered an acceptable risk compared to making the loan in a weak currency. See also: Hard currency.


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The project loan will be hard loan but the terms of loan were still not clear, however, it would be around 3 percent to 4 percent fixed interest rate.
Aa "We must be fully confident that additional capital for the MDBs' hard loan windows is needed and that any new resources will be managed well and used effectively," Geithner said.
We must be fully confident that additional capital for the MDBs hard loan windows are needed and that any new resources will be managed well and used effectively," Geithner said.
 
 
 
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