mrAMG:
Cos they can break something when you drop it.


Lool no no really, it’s cos of their unshakable value

phr33man:
Because it's hard to find in our country.

ameri9ja:


Makes no sense. Why the adjective "hard".
Also some of those currencies go into tailspin sometimes like during depressions

mrAMG:



Keyword being sometimes, infact rarely. Even if they do, they bounce back in na time

ameri9ja:


So do many other currencies, like the Israeli shekel and many others including some African currencies. No that can't be the reason.
There are currencies more stable than the USD, yet nobody calls them hard cutrency.

mrAMG:


True, another major factor is because they are widely accepted trading options around the world, the US dollar can be spent anywhere in the world and some traders prefer that when doing business than the local currency of wherever their business might be located.

Also, hard currencies are readily available for forex, eg our popular mallam change ya dola

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ameri9ja:


But why the adjective "hard". How come we don't have hard vehicles (rolls royce, etc), hard banks, hard smart phones, hard shoes, etc. "Strong" would make more sense.

mrAMG:


Really?

ameri9ja:


Yes. I also don't think that's the reason. So, for example, if tomorrow the naira or rand overtakes the dollar, Naira will be called hard currency? I don't think so.
Can someone please tell us the real reason why the dollar is called hard currency

ameri9ja:


I thought this was exposed as a scam some time ago

mrAMG:


There are currencies more buoyant than the US dollar or GBP that are not called hard currency.

If you read my last reply, I said universally accepted tender of payment, you can go anywhere in the world to shop or do business and be able to pay with USD or Euro, the same does not apply to Kuwaiti dinar (for instance) which is currently at $1 to 0.39KWD.

Simply put, if you can spend a certain currency in more than 50% of the countries in the world, then it is a hard currency.


As for rolls royce etc, they aren’t called hard vehicles but luxury vehicles. All the others have adjectives used for them.

Do you get now sir?

ameri9ja:


I was just researching this. It says here that hard currency means GOLD, SILVER, and such!!

ameri9ja:


I now see how it all started. It now makes sense.
Here is what happened:
"Hard currency" actually applied to currencies that were physically hard like gold and silver

mrAMG:


Lol please sir, are you a lawyer?