Hard currency or Strong Currency, in economics, refers to a currency in which investors have confidence, such as that of a politically stable country with low inflation and consistent monetary and fiscal policies, and one that if anything is tending to appreciate against other currencies on a trade-weighted basis. The term can also be used to refer to a currency backed by a precious metal such as gold or silver, where the supply of that precious metal is not easily able to be increased.
No comments:
Post a Comment