A currency, usually from a highly industrialized country, that is widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex market. |||Another criterion for a hard currency is that the currency must come from a politically and economically stable country. The U.S. dollar and the British pound are good examples of hard currencies.
The currency abbreviation or currency symbol for the Guyanese dollar (GYD), the currency for Guyana. The Guyanese dollar is made up of 100 cents and is often represented with the symbol G$. However, 1-cent coins are no longer used in Guyana due to inflation. |||The Guyanese dollar was first seen in 1839 and has undergone many changes. It first appeared in its present form in 1966. The modern banknotes are issued in denominations of 1, 5, 10, 20, 100, 500 and 1000 dollars. Coins are now issued in denominations of 5, 10, 25 and 50 cents and 1, 5 and 10 dollars.
The currency abbreviation for the Guatemalan quetzal. GTQ is named for the country's native national bird, the "resplendent quetzal". The quetzal replaced the peso in 1925. |||The Guatemalan quetzal was pegged first to the French franc and the gold standard before switching to the U.S. dollar (against which it is now pegged). Quetzal coins are minted in 1, 5, 10, 25 and 50 centavos (subunits) and 1 quetzal denominations; banknotes are printed in 1, 5, 10, 20, 50 and 100 quetzal denominations. The national Bank of Guatemala has administered the quetzal currency since 1946.
Eight of the world's economically leading countries that in a cooperative effort meet periodically to address international economic and monetary issues. |||G-8 is considered global policy making at its highest level. The G-8 includes the Group of Seven countries along with Russia. Russia, although not a full member, has been in attendance since 1994.
The currency abbreviation or the currency symbol for the Indonesian Rupiah (IDR). The Rupiah is made up of 100 sen, and is often presented with the symbol (Rp). The Rupiah derives its name from its sister currency the Indian Rupee. The Riau Islands and the Indonesian half of New Guinea both had their own versions of the Rupiah at one time, but both have been absorbed by the Indonesian currency. |||The Indonesian Rupiah was first seen in October of 1946 and substantially revised in 1950, when it received international recognition and replaced all former Dutch, Javanese and Japanese currencies being used. It underwent a 1000 to 1 reversion in 1965, but continued to lose value over the years. Its devaluation played a substantial role in the overthrow of the Suharto regime in 1998.
The currency abbreviation or the currency symbol for the Indonesian rupiah (IDR). The rupiah is made up of 100 sen, and is often presented with the symbol Rp. The rupiah derives its name from its sister currency the Indian rupee. The Riau Islands and the Indonesian half of New Guinea both had their own versions of the rupiah at one time, but both have been absorbed by this Indonesian currency. |||The Indonesian rupiah was first seen in October, 1946. It was substantially revised in 1950, when it received international recognition and replaced all former Dutch, Javanese and Japanese currencies being used in Indonesia. The rupiah underwent a 1000:1 reversion in 1965, but continued to lose value over the years. Its devaluation played a substantial role in the overthrow of the Suharto regime in 1998.
The currency abbreviation or currency symbol for the Hungarian Forint (HUF), the currency for Hungary. The Forint is made up of 100 filler and is often presented with the symbol (Ft). The Forint gets its name from gold coins called fiorino d'oro that were minted in the city of Florence in the middle ages. |||The Forint was first seen with its present name in Hungary in 1325. This currency was used throughout the middle ages and also the Renaissance, emerging as the currency used by the Austro-Hungarian empire. It was discontinued after World War I and then reactivated in 1946 by the Hungarian Communist Party. The future of the Forint is uncertain; it may be wholly replaced by the Euro after 2012.
The currency abbreviation or currency symbol for the Hungarian forint (HUF), the currency for Hungary. The forint is made up of 100 filler and is often presented with the symbol Ft. The forint gets its name from gold coins called fiorino d'oro, which were minted in the city of Florence in the middle ages. |||The forint was first seen with its present name in Hungary in 1325. This currency was used throughout the middle ages and the Renaissance, emerging as the currency used by the Austro-Hungarian Empire. It was discontinued after World War I and then reactivated in 1946 by the Hungarian Communist Party. The future of the forint is uncertain, as it may be wholly replaced by the euro after 2012.
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