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Hard Currency . #HardCurrency

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  It is the international currency in which the highest faith is shown and is needed by every economy.

  The strongest currency of the world is one which has a high level of liquidity.

  Basically, the economy with the highest as well as highly diversified exports that are compulsive imports for other countries (as of high-level technology, defence products, lifesaving medicines and petroleum products) will also create high demand for its currency in the world and become the hard currency. It is always scarce.

  By the time you have read this para you have realized that today hard currency is US $.

  Till 2nd world war, the best hard currency was the Pound Sterling (£) of the UK, but soon

it was replaced by the US Dollar.

 Best hard currencies of the world – US Dollar, the Euro (€), Japanese Yen (¥), UK Sterling Pound (£) and Chinese Yuan.

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