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Hard currency elusive in Cuba as monetary reform looms
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
Reuters repeats the lie that the dollar and the euro are "hard currencies" three times in the first five paragraphs, but this isn't propaganda. Perish the thought.
And no, Zippy, the fact that vulcanized rubber is harder than goose down doesn't make rubber a hard substance.
Last edited by acptulsa; 12-20-2019 at 02:46 PM.
Originally Posted by Swordsmyth
Define "hard currency". Is it physically hard like a coin? (I have actually been to Cuba).
https://www.financial-dictionary.inf...hard-currency/
Hard currency refers to a type of currency which proves to be generally accepted throughout the globe for payments on services and goods. Such currencies are trusted to be reasonably stable over the short term timeframe. They must be extremely liquid on foreign exchange, or forex (FX), markets. Nations with solid economic performances and highly stable political environments typically issue these.
Because such hard currencies come from economically and politically stable nations, they are greatly respected in settlement of payments and forex trade and markets. Huge multinational transactions commonly become settled in one of the world’s main hard currencies. There are a few such currencies. While the U.S. dollar is often referred to as today’s ultimate hard currency, a number of other ones exist nowadays. The Euro zone euro, the British pound sterling, the Swiss franc, and the Japanese yen are among these examples.
FED propaganda, fake news & counterfeit fake money.
Make America the Land of the Free & the Home of the Brave again
Nobody cares about cuba the commie utopia .
Do something Danke
Zippy is our resident propagandist so what do you expect?
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