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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