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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References in periodicals archive ?
During a briefing about the status of the multibillion-shilling endeavour at the Chinese embassy in Nairobi on Tuesday, the country's Charge d'affaires Li Xuhang said the amount would be in form of concessional and hard loans."We all know that the first phase of SGR from Mombasa to Nairobi cost S27 billion and the second phase Sh150 billion.
and hard loans from the likes of the World Bank and the IMF have neither