what is hard currince



what is hard currince..

Answer / satya kishore

Hard currency or strong currency, in economics, refers to a
globally traded currency that can serve as a reliable and
stable store of value. Factors contributing to a currency's
hard status can include political stability, low inflation,
consistent monetary and fiscal policies, backing by
reserves of precious metals, and long-term stable or upward-
trending valuation against other currencies on a trade-
weighted basis

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