Hard currency definition

Hard currency means currencies of economically developed and politically stable countries that are OECD members.

Hard currency means any of the lawful currencies of Canada, Japan, the United Kingdom and the United States of America and the Euro (and any successor currency to any such currency).

Hard currency means currencies of economically devel- oped and politically stable countries that are OECD mem- bers.

Examples of Hard currency in a sentence

• Hard currency for importing critical secondary raw materials from third countries that constitute less than 15% of the value of direct inputs including electricity shall be provided by the Government, subject to the industry paying applicable import duty.

• This Offer will remain open until the end of the day on October 24, 2018, at 12:00 midnight, New York time.

• These overall results are available in Appendix Table 3.6. Hard currency debt flows respond more to these tightening (unexpected) announcements than the local currency debt flows.

• Hard currency sovereign spreads widened 275 bps to end the period at 626 bps over US Treasuries, while high yield spreads ended the period just inside of 1,100 bps, pricing in significant default risk.

• Shortage of Hard currency and None-convertibility of local currency to Hard Currency Due to shortage of hard currency and continued trade deficits, the local currency (Kyat) is not convertible for hard currency for investors and exchange rate had been depreciated continuously for the past decades and expected to depreciate further in the future.

• Hard currency traffic remained virtually closed, but Hun- garian citizens were entitled every three years to buy hard currency supposedly enough to finance a two to three week trip to the West, even if in very modest circum- stances.

• Hard currency emerging market debt continues to appeal: this remains an effective carry play in fixed income.

• Hard currency deposits, such as they exist, are officially managed by a hard currency oversight board, comprising representatives of the Ministry of National Development, the Ministry of Finance, the Bank of Eritrea, the Commercial Bank of Eritrea and the Director of the PFDJ Economic Affairs Department, Hagos Gebrehiwot (also known as Hagos “Kisha”).

• Hard currency debt advanced 5.64%, mainly driven by the rally in US Treasury yields, which fell to multi-year lows in the period.

• In diminishing after 2005Q01, it reaches at nearly 15%, but rising after the financial and economic crisis to the level of 32%.

More Definitions of Hard currency

Hard currency means any a lawful currency of a G7 country.

Hard currency means any lawful currency of a G7 country and Switzerland;

Hard currency means currencies of economically developed and politically stable countries that are OECD members. Emerg- ing markets in connection with this Sub-Fund are all countries other than Australia, Austria, Belgium, Canada, Denmark, Fin- land, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Luxembourg, Monaco, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom and the United States of America.

Hard currency means any of the lawful currencies of Canada, the Federal Republic of Germany, Japan, the Republic of France, the Republic of Italy, the United Kingdom and the United States of America and the Euro (and any successor currency to any such currency).

Hard currency means money that is issued by a country that is viewed as politically and economically stable, for example US Dollars

Hard currency means the United States dollar, Canadian dollar, Pound Sterling, Euro and Japanese Yen: