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hard currency
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hard currency

Currency commonly accepted across the world. Hard currencies are usually those of the Western industrialized nations. US dollars and UK pounds sterling are two of the most popular hard currencies. Retailers in countries with soft currencies often prefer to take hard currency, instead of their national currency, in exchange for goods and services.



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? Mentioned in ? References in periodicals archive
 
The group said that international investors wouldn't be able to convert Caracas-listed shares into hard currencies.
Israel holds some $23 billion in foreign exchange reserves--against which the Central Bank owes at least $27 billion in foreign liabilities, plus possibly $10 billion more in contingent liabilities which, according to the latest bond prospectus, are denominated in hard currencies.
dollars, the hard currencies being provided precisely by the reserves held by domestic country governments and central banks.
 
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