BNET Business Dictionary
Business Definition for: Hard Currency
- a currency that is traded in a foreign exchange market and for which demand is persistently high relative to its supply.
- See also Soft Currency
Additional Resources
- RATING AGENCY STANDARD & POOR'S RAISED THE RATING OF HARD CURRENCY BONDS OF THE FINANCE MINISTRY OF RF TO B- AND CONFIRMED THE SOVEREIGN RATING OF RUSSIA
- A&G Information Services 03-20-2001 RATING AGENCY STANDARD & POOR'S RAISED THE RATING OF HARD CURRENCY BONDS OF THE FINANCE MINISTRY OF RF TO B- AND CONFIRMED THE SOVEREIGN RATING OF RUSSIA AT B-. ST.PETERSBURG, RUSSIA. The agen A&G Information Services...
- Research articles 2001-03-20
- Special Supplement: Dominican Republic - Missed Chances - A Huge Amount Of Hard Currency Flows In From Abroad In The Shape Of Remittances, Yet Banks Have Steered Clear Of It, Missing Out On A Golden Opportunity.
- Remittances are a crucial part of Dominican society, a vital source of hard currency for the country as a whole and sometimes a lifeline for poorer families that are otherwise left to cope on subsistence earnings or benefits. Curiously, it is a reven Remittances are a...
- Research articles 2006-04-01
- RUSSIA: REQUIREMENT TO SELL HARD-CURRENCY REVENUE FROM GAS SALES TO YUGOSLAVIA BY "GAZPROM" PUT OFF.(Brief Article)
- When he still served as Russian Prime Minister, Vladimir Putin, signed an order which waived Gazprom's obligation to sell hard-currency revenues from gas sales to Yugoslavia until the end of 2000. The ... When he still served as Russian Prime Minister, Vladimir Putin, signed...
- Research articles 2000-05-01
- Think global, act local; Asian bond markets.(Asia seeks a new home for hard-currency reserves)
- Asia seeks a new home for its hard-currency reserves A RARELY mentioned irony of globalisation is that, whereas developed countries are sending more factories and call-centres East, Asia long ago outsourced its capital markets to the West. Asian countries have amassed some $2.73 trillion...
- Research articles 2006-06-03
- In a bold move to obtain scarce hard currency, Cuba
- In a bold move to obtain scarce hard currency, Cuba is lifting tight restrictions on travel to the island for Cuban-Americans that had forced most to wait for months or even years for visas allowing them to visit their families: Travel agencies in Miami that...
- Research articles 1993-09-01
- RUSSIA: EXPORTERS TO LOBBY AGAINST CURRENCY CONTROLS.(Brief Article)
- IMF First Managing Director Stanley Fischer told reporters on 7 January that the fund does not support the Russian government's recently proposed policy of requiring exporters to sell 100 percent of their hard currency revenues to the Russian governm IMF First Managing Director Stanley Fischer told...
- Research articles 2000-01-11
- Zim's Ferrari currency
- Zimbabwe's biggest denomination note, the red Z$500 bill, is being spent so fast that it has become known as the "Ferrari". Inflation at 140% forecast to rise to 500% this year, an acute shortage of hard currency and the closure of bureaux de change has sent the Zimbabwe dollar into...
- Research articles 2003-02-01
- Foreign Debt is the Biggest Issue | BTalk Australia
- (19min 11) On today’s BTalk Australia economist Nicholas Gruen from Lateral Economics gives his view on the economy. His biggest concern is foreign debt and the possibility of capital flight. He suggests why the economic downturn in Australia is different to many other countries overseas and, therefore, requires a different...
- Blog posts 2009-03-23
- Pricing Currency Risk: Facts and Puzzles from Currency Boards
- Hard pegs, such as currency boards, intend to reduce or even eliminate currency risk. This paper investigates the patterns and determinants of the currency risk premium in two currency boards -- Argentina and Hong Kong. Despite the presumed rigidity of currency boards, the currency premium is almost always positive and...
- White papers 2003-01-01
- Dollar Hit Hard Despite Sharp Rise in Pending Home Sales
- Kathy Lien submits: Dollar is being hit hard again Tuesday morning after reports that Russia supposedly released a statement confirming Brazil's comments last week about diversifying out of U.S. dollars. Russia is apparently taking things one step further by bringing up the notion of a supra-national world currency...
- External links 2009-06-02
- A Running Summary of Facebook's Virtual Currency Tests
- Facebook has been conducting a variety of virtual currency-related tests over the last few months – so many that it can be hard to keep track of them all. So we've pulled them all together into one list so you can easily find the details you're looking for. Check out...
- News items 2009-08-27
- -FROST & SULLIVAN: Currency crisis hits the satellite communications market hard in Asia.
- M2 PRESSWIRE-5 October 1998-FROST & SULLIVAN: Currency crisis hits the satellite communications market hard in Asia C1994-98 M2 COMMUNICATIONS LTD RDATE:021098 The booming growth of the Asian satellite communications market that took place from 1994-97 has ceased, at least for now....
- Research articles 1998-10-05
- UKRAINE: AUDIT SHOWS UKRAINE'S NATIONAL BANK OVERSTATED RESERVES...(Brief Article)(Statistical Data Included)
- A PricewaterhouseCoopers audit shows that Ukraine's National Bank overstated its hard-currency reserves "by an amount that varied from $391 million in September 1997 to $713 million in December 1997," the IMF reported on its official Websit A PricewaterhouseCoopers audit shows that Ukraine's National Bank overstated...
- Research articles 2000-05-11
- UKRAINE: UKRAINE TO REPAY $200 MILLION TO IMF AHEAD OF SCHEDULE?(International Monetary Fund)(Brief Article)
- Serhiy Yaremenko, head of the National Bank's hard-currency regulation department, told journalists on 10 August that the IMF is likely to demand that Ukraine return $200 million worth of credits ahead of the repayment schedule, Interfax reported. Ac Serhiy Yaremenko, head of the National Bank's hard-currency...
- Research articles 2000-08-17
- Currency Market Predicts Bailout Is the End of the Credit and Housing Crunch
- John Verke submits: Last Friday, September 5th, the dollar was up almost half a percent against the Euro and most other currencies despite a spectacularly horrible jobs report, but it seems to be overshadowed by Freddie FRE and Fannie FNM in traders’ mind. In one of my previous posts...
- External links 2008-09-08
- In China, land of red-hot stocks, B-shares are white-hot
- SHANGHAI AFP — These days, Zhang Nin gladly sacrifices her short lunch breaks so she can queue up at the bank and buy US dollars for local currency. The 24-year-old marketing executive at a Shanghai wine company needs the money to buy hard-currency B-shares, which recently have emerged as...
- Research articles 2007-05-19
- Euro poses legal risks and liabilities for US companies.
- 00-00-0000 On January 1, 1999, member states of the European Monetary Union EMU will begin operating in a single currency: the Euro. As of that date, the rates of conversion between the Euro and EMU national currencies will be irrevocably fixed, and the Euro will...
- Research articles 1998-04-01
- Argentine Woes Hit Repsol Hard, Pushing Profits Down 58%
- Argentine Woes Hit Repsol Hard, Pushing Profits Down 58% Spanish major Repsol YPF revealed Friday just how hard it was hit by Argentina's economic crisis, when it announced provisions of more than 2.7 billion euros ($2.3 billion) against currency losses and other contingencies. The move...
- Research articles 2002-03-04
- Figure it in: Europe's currency. (European Commission forecasts that budget deficits for five of the Union's members will be 3.0% of gross domestic product in 1997)(Brief Article)
- BRUSSELS BUDGET deficits are notoriously hard to predict. How remarkable, therefore, that the European Commission's forecasts for 1997, published on April 23rd, should have produced exactly the same figures for five of the Union's 15 members: 3.0% of GDP. Even more remarkable, too, that this...
- Research articles 1997-04-26
- Business brisk for Iraq's money changers
- BAGHDAD AFP — At the money exchange market of El-Harithiya, located on one of Baghdad's traffic-choked arteries, business is brisk as residents increasingly head out to buy or sell hard currency. Security in the Iraqi capital has improved considerably over the past six months, the high price of petrol...
- Research articles 2008-02-27
