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This paper describes hard and soft currencies . The author clarifies the way they are used in global financing operations. The paper stresses their importance in managing risk.
From the Paper:"A working definition of a hard currency is a freely convertible currency that is not expected to depreciate in value in the foreseeable future, meaning that it is a relatively stable currency not normally subject tn dramatic variations or fluctuations in the exchange rate. Another definition would be that a hard currency is a currency traded in a foreign exchange market for which demand is consistently and persistently high. In contrast, we could define a soft currency as a currency that is not fully ..."
Cite this Essay:
International Currencies (2005, December 01) Retrieved May 10, 2021, from https://www.academon.com/essay/international-currencies-71935/
"International Currencies" 01 December 2005. Web. 10 May. 2021. <https://www.academon.com/essay/international-currencies-71935/>