| 单词 | hard currency |
| 例句 | I want to stay longer, but Mom refuses because she doesn’t want to give Cuba any more hard currency, as if our contributions will make or break the economy. Dreaming in Cuban 1992-01-01T00:00:00Z “Whenever there is a disaster, it becomes a source of hard currency” for the government. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z In the past decade, the United States government and law enforcement agencies around the world have documented that some of these North Koreans are involved in criminal enterprises that funnel hard currency to Pyongyang. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z Traders avoided a grisly trip to a labor camp only by paying hard currency bribes. Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West 2013-03-26T00:00:00Z It’s a form of hard currency that will allow you to protect and provide for your family. “This is the Wild West” 2012-09-16T19:00:00Z To his surprise, he was offered money, hard currency, for them. He Sold Away His People’s Heritage. He’s in the Jungle to Get It Back. 2021-11-21T05:00:00Z But many exiles viewed such trips as unforgivable betrayals that helped an oppressive government by pumping hard currency into its beleaguered economy. Change in U.S. policy toward Cuba dismantles an artifact of the Cold War 2014-12-17T05:00:00Z In Soviet times, the circus toured as extensively as the ballet, generating hard currency revenues for the communist state. These Graduates Throw Themselves, Not Caps, in the Air 2017-08-21T04:00:00Z Currency controls first enacted by former socialist president Hugo Chavez more than a decade ago mean companies struggle to get hold of the hard currency required for imports. Beauty-obsessed Venezuelans hunt for scarce makeup, implants 2014-09-26T04:00:00Z The town continued to produce watches, but they were cheaper quartz models exported to West Germany to earn hard currency. This German Village is a Town Based on Time 2017-09-19T04:00:00Z Of course, this only works with hard currencies. What went right (a lot) and wrong (not much) during 20 days of hard-core tourism 2016-06-16T04:00:00Z In this seedy, lottery-win atmosphere, locals rushed to spend their hard currency, throwing lavish weddings, buying cars, trucks and houses. How the US let al-Qaida get its hands on an Iraqi weapons factory 2011-01-07T07:59:02Z After learning he could barter relics for hard currency, he made a career of it. Cambodia Says Looter Helping It Reclaim Stolen Artifacts Has Died 2021-12-05T05:00:00Z A few entrepreneurs are making modest attempts to lure foreign travelers and their hard currency to its pristine beaches and offshore coral reefs, which are among the best preserved in the Caribbean. A Cuban Island That Has Played Both Paradise and Prison 2018-01-02T05:00:00Z South Korea in the 1970s and 1980s earned massive amounts of hard currency via construction projects in the Middle East, fueling its rise as a global economic force. South Korea tightens links with Middle East on energy security 2023-10-26T04:00:00Z Argentines also bought dollars and removed hard currency deposits from banks as the peso accelerated its already steady depreciation. Argentine economy minister has surprise win over populist, and they head toward presidential runoff 2023-10-22T04:00:00Z Argentines were also buying dollars and removing hard currency deposits from banks as the peso accelerated its already steady depreciation. Mired in economic crisis, Argentines weigh whether to hand reins to anti-establishment populist 2023-10-21T04:00:00Z The depressed values offer another reason to be bullish on Argentina's debt, said Thomas Haugaard, a portfolio manager on the emerging markets debt hard currency team at Janus Henderson Investments in Copenhagen. Analysis: Argentina election lures risk-taking investors to long-odds gamble 2023-10-09T04:00:00Z The sector is also one of the East African nation's top sources of hard currency. Kenya power cuts: Airports boss sacked as tourists left stranded 2023-08-26T04:00:00Z Meanwhile, Egypt’s Mediterranean and Red Sea coasts, where tourists and rich Egyptians spend the hard currency that the cash-strapped state prizes, enjoy uninterrupted power. Rolling blackouts, sudden shutdowns: Extreme heat boils — and roils — the Middle East 2023-08-22T04:00:00Z "Exports are down, so hard currency inflows are down, and imports are up, and even reliable trading partners such as China appear reluctant to take roubles," said Mr Mould. Russian rouble falls to 16-month low against US dollar 2023-08-14T04:00:00Z The policy spurs a scrabble for more hard currency. Venezuela's bolivar weakens against the U.S. dollar as inflation rages 2023-08-03T04:00:00Z The crisis has pulverized the Lebanese pound and wiped out the savings of many Lebanese, as the banks ran dry of hard currency. Lebanon’s central bank governor ends 30-year tenure under investigation during dire economic crisis 2023-07-31T04:00:00Z Bank withdrawals of hard currency are limited, meaning people are blocked from accessing their savings. Riad Salameh: Lebanon's tainted central bank chief steps down 2023-07-31T04:00:00Z “It’s a reflection of the government’s desperation in protecting what hard currency it has left,” added Timothy Kaldas, deputy director of the Tahrir Institute for Middle East Policy in Washington. Rolling blackouts, sudden shutdowns: Extreme heat boils — and roils — the Middle East 2023-08-22T04:00:00Z He said property owners paid in dollars can earn double the rent of a long-term contract in pesos, because short-term renters with access to hard currency have more purchasing power. Insight: Some Airbnb hosts try to beat Argentina's inflation with dollar rates and tax avoidance 2023-07-25T04:00:00Z Mirziyoyev has also lifted controls on hard currency, encouraging investment from abroad, and he moved to improve relations with the West that soured under Karimov. Uzbekistan’s leader poised for landslide victory in presidential election 2023-07-08T04:00:00Z Since 2021, when Turkey launched a diplomatic effort to repair ties with Saudi Arabia and the UAE, investments and funding from the Gulf have helped relieve pressure on Turkey's economy and hard currency buffer. Top Turkish officials to discuss 'economic cooperation' in Qatar ahead of Erdogan visit 2023-07-08T04:00:00Z The World Bank estimates that one in four EMDEs have effectively lost access to international bond markets, a key source of hard currency needed to pay for oil and commodities like food. Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z The drain in hard currency sparked panic earlier in the year, with Bolivians forming lines outside banks to withdraw dollars. Analysis: Bolivia's creaking big state model rings warning bell in South America 2023-06-27T04:00:00Z The government has repeatedly devalued the currency and is scrambling to stop the depletion of hard currency reserves amid mounting debt. Inflation and economic crises strain pilgrims in this year’s Hajj, putting it out of reach for some 2023-06-22T04:00:00Z Macron praised the International Monetary Fund’s initiative to allocate more funds to low-income countries through Special Drawing Rights, which are an IMF international reserve asset that can be exchanged for hard currency. Climate activist Nakate urges rich countries to cancel debt, grant climate finance at Paris summit 2023-06-22T04:00:00Z But Mr. Erdogan, increasingly unpredictable and authoritarian, relies on Russia for energy, trade and injections of hard currency and has refused to apply Western sanctions on Moscow or on Vladimir V. Putin, Russia’s president. Will Erdogan’s Victory Soften Turkey’s Opposition to Sweden in NATO? 2023-05-29T04:00:00Z But because it lacks refinery capacity, it has to import fuels, so hard currency is tight. Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z “When we import, we have to use hard currency — mostly the U.S. dollars.’ What it would mean for the global economy if the US defaults on its debt 2023-05-22T04:00:00Z Criminal groups, flush with euros from activity such as drug sales, can help satisfy the demand for hard currency. Italian drugs cartels conceal payments via Chinese shadow banks 2023-04-06T04:00:00Z "It is felt as beneficial for the economy to be resilient, because we are not exposed to too many hard currencies," said Dody, referring to safe-havens like the dollar and the euro. Southeast Asian finance leaders in talks on containing global risks 2023-03-31T04:00:00Z Other tranches of hard currency, desperately sought by Sri Lanka, will follow over the next several months. Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan 2023-03-20T04:00:00Z Sanctions imposed since 2016 over the North’s nuclear program have devastated its exports and ability to earn hard currency. To Combat Food Shortages, North Korea Deploys the Military 2023-03-19T04:00:00Z Others have filed lawsuits from abroad to retrieve their money in hard currency. Lebanon’s pound hits a new low as banks go back on strike 2023-03-14T04:00:00Z "I am looking for dollars here because last week I went to the exchange houses in El Alto, but I couldn't find any," said Paulina Mayta, who was still searching for hard currency. Bolivia looks to calm dollar frenzy as shortage fears pressure FX 2023-03-09T05:00:00Z A major producer of soybeans, corn and wheat, Argentina is one of the world’s top grains exporters, which provides crucial hard currency for the country’s cash-strapped central bank. Argentine farmers protest tax, currency policies as drought weighs 2023-02-28T05:00:00Z Thanks to billions of dollars in foreign aid from Western partners, Ukraine's hard currency reserves have grown to nearly $30 billion, slightly higher than at the start of the war. Ukraine unveils banknote for anniversary of Russian invasion 2023-02-23T05:00:00Z Those who deposited hard currencies after the cutoff can only withdraw roubles. How sanctions complicated day-to-day banking for Russians 2023-02-17T05:00:00Z The second is through the export of workers to global IT forms, who earn “hundreds of millions of dollars” in hard currency by creating apps and cryptocurrency-related products. Money for missiles: Crypto heists pay for North Korea’s nukes 2023-02-10T05:00:00Z Measures taken by the United States in recent months to stamp out money laundering and the channeling of dollars to Iran and Syria from Iraq have severely restricted Iraq’s access to hard currency. Iraqis protest in Baghdad as currency crisis continues 2023-02-03T05:00:00Z The United States has sanctioned several Iraqi banks dealing mainly with Iran, which is under Americans sanctions, amid concerns that hard currency is being routed from Iraq to Iran. Iraqi PM replaces Central Bank governor over currency drop 2023-01-22T05:00:00Z Facing an inflation rate of about 50%, Iranians seeking safe havens for their savings have been trying to buy dollars, other hard currencies or gold. Iranian currency falls to record low amid isolation and sanctions 2023-01-21T05:00:00Z Meanwhile, facing an official inflation rate of about 50%, Iranians desperate to find safe havens for their savings have been trying to buy dollars, other hard currencies or gold. Prominent Sunni cleric denounces Iran crackdown, currency near record low 2022-12-23T05:00:00Z "Whichever hard currency is more in demand, we will offer that in the market." Iran central bank governor blames protests for currency's fall 2022-12-17T05:00:00Z "I want to improve my life and improve things for my family. I'll go anywhere that uses hard currency," he said. As Tunisia votes, coastal town's youth dream only of Europe 2022-12-15T05:00:00Z Its trade with the outside world devastated, North Korea is scrambling for American dollars and other hard currency, not just to feed its people but to finance Kim’s military and economic ambitions. North Korea wants dollars. It’s a sign of trouble 2022-12-10T05:00:00Z Sign of trouble: Kim Jong-un, North Korea’s leader, is trying to find hard currency to fund his military and economic ambitions. Glimpses of Democracy 2022-12-09T05:00:00Z The Russian Central Bank reported this week that a record $14.7 billion in hard currency was withdrawn from the Russian banking system in October, amid increasing anxiety over mobilization and the state of the economy. Western sanctions catch up with Russia’s wartime economy 2022-11-26T05:00:00Z Iran's troubled currency fell to a new low against the U.S. dollar on Saturday as Iranians desperate to find safe havens for their savings have been trying to buy dollars, other hard currencies or gold. Iran central bank governor blames protests for currency's fall 2022-12-17T05:00:00Z Credit Suisse "particularly" likes hard currency debt, while BofA's latest global fund manager survey shows "long EM" is the top "contrarian" trade. Analysis: In emerging markets, the bulls are back again 2022-11-23T05:00:00Z Central Bank Governor Elvira Nabiullina on Tuesday said there was no immediate need to further soften capital controls, which force exporters to convert their hard currency earnings into roubles and limit FX cash withdrawals. Russian rouble holds around 61 vs dollar 2022-11-09T05:00:00Z In an apparent effort to curb the fall of Iran's troubled currency, the government on Saturday authorised online sales by currency dealers, to make it easier for people to buy hard currency. President Raisi says Iran thwarted U.S. destabilisation 2022-11-05T04:00:00Z An offshore energy discovery - while not enough on its own to resolve Lebanon's deep economic problems - would be a major boon, providing badly needed hard currency and possibly one day easing crippling blackouts. EXCLUSIVE Looped in 'line by line', Hezbollah shows pragmatic side in Lebanon-Israel deal 2022-10-18T04:00:00Z But Ukraine’s friends will also need to limit the flow of hard currency to Russia to constrain what Russia can buy from abroad — including parts for missiles, aircraft and tanks — and build for themselves. OPEC’s move to raise oil prices is all about Russia 2022-10-11T04:00:00Z Given limited central bank reserves of U.S. dollars, the government wants to make sure that hard currency is used for approved imports that increase domestic output. Argentina to tighten import controls to preserve dollars-sources 2022-10-08T04:00:00Z Backers say in practice Russia would be hard pressed to find any country to swap its SDRs into hard currencies. IMF should issue new reserves to help countries tackle overlapping crises - groups 2022-10-06T04:00:00Z Elizabeth Rosenberg, Treasury assistant secretary for terrorist financing and financial crimes, told the Senate Foreign Relations Committee on Wednesday that Russia's largest source of hard currency is from energy sales. Explainer: How the U.S. could tighten sanctions on Russia over Ukraine 2022-09-29T04:00:00Z People need more cash to pay for basic goods, but the amount of available hard currency is shrinking. Afghanistan's money is crumbling to pieces, just like its economy 2022-09-27T04:00:00Z But new luxury homes are still popular with buyers, who see them as "hard currency" in a feeble property market, the newspaper cited industry insiders as saying. Chinese buyers snap up luxury homes as 'hard currency' in soft property market 2022-09-19T04:00:00Z The mechanism is clever — its underlying principle, astute: Target the flow of hard currency into Russian coffers, not the flow of crude oil out of Russian wells and seaports. Opinion | A promising plan to stanch Russia’s gusher of oil money 2022-09-05T04:00:00Z The low, fixed official rate meant people avoided exchanging money through the government, starving it even further of hard currency and its ability to import needed products. Cuban government starts selling dollars — with limits 2022-08-23T04:00:00Z One soldier in the Continental Army, Joseph Plumb Martin, recounted how he received no pay in paper money after 1777 and only one month’s payment in specie, or hard currency, in 1781. U.S. History 2014-12-30T00:00:00Z The assets also eventually could go to recapitalizing DAB, bolstering its ability to regulate the Afghani's value, fight inflation, and provide hard currency for imports. Exclusive: U.S. commits to Afghan asset talks despite frustration with Taliban - sources 2022-08-22T04:00:00Z Cuba has exported doctors on more routine missions in exchange for cash or goods in recent decades, a top source of hard currency. Cuba to send hundreds of doctors to Italy's Calabria region 2022-08-19T04:00:00Z Related to these concerns were fears that the strong central government Federalists advocated for would levy taxes on farmers and planters, who lacked the hard currency needed to pay them. American Government 2021-07-28T00:00:00Z Growing shortages led to increasing prices for goods bought from private sellers and to a street-level devaluation of the peso, making dollars and other hard currency sent or brought in from abroad more valuable. Cuban government starts selling dollars — with limits 2022-08-23T04:00:00Z Unfortunately, this policy proved a disaster when the Bank of England, the source of much of the hard currency borrowed by American businesses, dramatically cut back on loans to the United States. U.S. History 2014-12-30T00:00:00Z Washington also stopped flying in hard currency, effectively paralyzing Afghanistan's banking system, and froze $7 billion in Afghan assets in the U.S. Exclusive: U.S. commits to Afghan asset talks despite frustration with Taliban - sources 2022-08-22T04:00:00Z Withdrawals of hard currency have been limited for most people since 2019, when the value of the Lebanese pound plummeted and inflation soared. Lebanese man who held bank staff hostage to access savings released 2022-08-16T04:00:00Z Loading a mounting stockpile of grains into ships for export would generate hard currency from Argentina's massive farm sector, which contributed a quarter of economic output last year representing some $105 billion. Analysis: As economy wilts, Argentina's Massa seeks to sow hope with farm chiefs 2022-08-16T04:00:00Z Lebanese banks have limited withdrawals of hard currency for most depositors since a 2019 financial implosion that has left eight in 10 people poor. Lebanese man who held up bank to access savings released without charge - brother 2022-08-16T04:00:00Z To Jackson, hard currency—that is, gold or silver—was the far better alternative. U.S. History 2014-12-30T00:00:00Z The lack of hard currency at a time of spiralling prices sparked by Russia's invasion of Ukraine also squeezed imports of essentials including fuel, cooking gas, medicines and food. Sri Lanka faces looming food crisis with stunted rice crop 2022-08-16T04:00:00Z Since 2019, there have been ad hoc limits on the amount of hard currency depositors can withdraw, an effort to avoid a run on the banks and a collapse of the financial system. A man took hostages at a bank in Lebanon. People came to support him. 2022-08-11T04:00:00Z Lebanese banks have limited withdrawals of hard currency for most depositors during the country's three-year financial meltdown, which has left more than three-quarters of the population poor. Armed man demanding frozen deposits takes hostages at Lebanese commercial bank 2022-08-11T04:00:00Z With their already limited cash holdings of hard currency, Russian banks have few options for investing foreign currencies because of capital controls in Russia and the risk of funds abroad being frozen. Putin allows Russian banks under sanctions to halt some FX operations 2022-08-08T04:00:00Z Without the flow of hard currency from England, American depositors drained the gold and silver from their own domestic banks, making hard currency scarce. U.S. History 2014-12-30T00:00:00Z Without going into details, Massa said he would grant special benefits to the agriculture, fishing and mining sectors in an effort to increase exports and thus boost hard currency reserves at the Central Bank. Argentina’s latest economy minister warns he is no magician 2022-08-03T04:00:00Z But since the financial crisis took hold in 2019, many of Lebanon's banks have frozen clients out of their hard currency through informal capital controls. From blast to banking crisis, one woman embodies Lebanon's complete collapse 2022-08-01T04:00:00Z Afghanistan's economy had gone into freefall after the Taliban takeover, with the central bank's foreign-held reserves frozen, Washington and other donors halting aid and the United States ending deliveries of hard currency. China to resume visa issuance to Afghans, exempt Afghan imports from tax 2022-07-29T04:00:00Z Afghanistan's economy went into freefall after the Taliban takeover, with the central bank's foreign-held reserves frozen, Washington and other donors halting aid and the United States ending deliveries of hard currency. Exclusive: U.S. and Taliban make progress on Afghan reserves, but big gaps remain 2022-07-26T04:00:00Z Due to a widening exchange rate gap with the official, tightly-controlled rate, much of the hard currency brought in by tourists never enters central bank coffers. In Argentina, financial risks deepen along with investor jitters 2022-07-22T04:00:00Z Business leaders across Argentina are scrambling, trying to deal with a fresh rash of import restrictions at a time when the government is trying to hold onto precious few hard currency reserves. Argentina: Import blocks usher in fears of looming shortages 2022-07-14T04:00:00Z Power blackouts, soaring prices, fuel shortages and collapsing hard currency reserves are signs of how vulnerable Sri Lanka's economy is. Sri Lankans' fury turns on Wickremesinghe after president flees 2022-07-13T04:00:00Z Officials have appealed to foreign tourists to return to Sri Lanka’s pristine beaches and lush mountains, hoping that desperately needed hard currency will trickle in. Sri Lanka needs billions of dollars as it exhausts its sources of financing. 2022-07-10T04:00:00Z In addition to inflation, Batakis will have to deal with an economy in which about four of every 10 Argentines are poor and the Central Bank is running perilously low on hard currency reserves. Argentina peso drops as left-leaning economy minister named 2022-07-04T04:00:00Z The wisdom of this proposal is that it targets what matters most — which is not the flow of crude oil out of Russia but the flow of hard currency in the opposite direction. Opinion | Russia’s oil earnings are booming. The U.S. and Europe need a new plan. 2022-06-23T04:00:00Z The government has to spend about $600 million dollars from the central bank’s hard currency reserves for tea imports annually. Pakistani govt chided for ‘Drink less tea, save money’ plea 2022-06-15T04:00:00Z But it has since bounced back as Russia continues earning hard currency from exporting energy and other goods to many nations, including China, India, Brazil, Venezuela and Thailand. Biden Races to Expand Coalition Against Russia but Meets Resistance 2022-06-11T04:00:00Z Thanks to capital controls and orders that Russian exporters sell half their hard currency earnings to the state, the ruble has strengthened to prewar highs. Putin thinks West will blink first in war of attrition, Russian elites say 2022-06-03T04:00:00Z Russia has touted paying creditors in roubles or hard currencies other than the dollar, bypassing Western payment infrastructure. Explainer: Russia walks the plank to a foreign bond default 2022-06-03T04:00:00Z Treasury pushed Russia a step closer to defaulting on hard currency debt. Russia eyes gas-for-roubles template for foreign Eurobond payments 2022-05-30T04:00:00Z Until the Kremlin launched an attack on Ukraine on Feb. 24, few would have entertained the possibility of Russia defaulting on its hard currency bonds. Analysis: Russia's 'political' debt default sets emerging market precedent 2022-05-27T04:00:00Z Lacking hard currency, Cuba suffered a 40 percent decline in imports in the past two years, officials say. In Cuba, a frantic search for milk Shortages of hard currency have also hindered imports of raw materials for manufacturing and worsened inflation. Sri Lanka lowers amount of foreign currency people can hold 2022-05-19T04:00:00Z Both have provisions that payment can be made in alternative hard currencies such as dollars, euros, pound sterling or Swiss franc, while the rouble is also listed for the euro-denominated bond. Explainer: Washington holds key to Russia's sovereign default 2022-05-19T04:00:00Z But for foreign Eurobond holders to receive payments in foreign currencies as per Russia's obligations, they would have to open rouble and hard currency accounts at a Russian bank, he told Vedomosti newspaper. Russia eyes gas-for-roubles template for foreign Eurobond payments 2022-05-30T04:00:00Z Even with half its $640 billion reserves' war chest frozen by sanctions, the central bank has enough cash to repay the $40 billion outstanding in sovereign hard currency debt. Analysis: Russia's 'political' debt default sets emerging market precedent 2022-05-27T04:00:00Z "However, we think the local currency may begin to strengthen again when we come out of the May holidays next week, with exporters gradually beginning to step up their offers of hard currency." Rouble eases from over 2-year high vs euro 2022-05-06T04:00:00Z Russia on Friday said it saw no problem with its decree, which considers the buyer's obligation fulfilled only after the hard currency has been converted to roubles. EU energy ministers hold crisis talks after Russian gas cuts 2022-05-02T04:00:00Z Lebanon's financial meltdown has seen the lira lose 90% of its value since 2019 and people have been unable to access hard currency savings, hitting all sections of society. Man overseeing Lebanon vote frets about disruptions, vote buying 2022-04-29T04:00:00Z He said this was needed because if they paid in hard currency, Western sanctions over Ukraine would prevent Moscow from accessing the money. Russia tweaks tax code to make it easier for foreign firms to pay in roubles 2022-04-20T04:00:00Z The order suggested that the authorities may be running short of hard currency needed to pay debts and purchase key supplies such as oil, gas and weapons. Myanmar military government denies rumors of fuel shortages 2022-04-19T04:00:00Z Europe’s payments for Russian energy products represent a lifeline for Russian President Vladimir Putin, replenishing the hard currency reserves that sanctions squeezed. Lengthening war in Ukraine creates major problems for global economy 2022-04-13T04:00:00Z Most of those items are paid for in hard currency, but Sri Lanka is on the brink of bankruptcy, saddled with dwindling foreign reserves and $25 billion in foreign debt. Sri Lanka halts debt repayment pending IMF bailout plan 2022-04-12T04:00:00Z For months, Sri Lankans have stood in long lines to buy fuel, cooking gas, food and medicines, most of which come from abroad and are paid for in hard currency. Pressure mounts on Sri Lanka leader to quit as crisis grows 2022-04-09T04:00:00Z For several months, Sri Lankans have endured long lines to buy fuel, cooking gas, food and medicine, most of which come from abroad and are paid for in hard currency. Sri Lanka business leaders demand end to political impasse 2022-04-08T04:00:00Z Havana itself has become an international art destination, as Cuba’s Communist government mounts exhibitions and festivals to earn hard currency and boost its reputation. From Dalí to Picasso, a Museum With a Masterpiece Collection Partially Reopens 2022-04-07T04:00:00Z The order suggests the authorities may be running short of hard currency needed to pay debts and purchase key supplies such as oil, gas and weapons. Gunmen shoot deputy governor of Myanmar Central Bank 2022-04-07T04:00:00Z The inflation's deceleration trend could be reversed following the implementation this month of a tax to operations in hard currency, a move by Maduro to boost the government's income. Venezuela's inflation slows down to lowest in almost a decade 2022-04-06T04:00:00Z For several months, Sri Lankans have endured long lines to buy fuel, foods and medicines, most of which comes from abroad and is paid for in hard currency. Sri Lankan president revokes emergency amid growing protests 2022-04-05T04:00:00Z The order to hand over foreign exchange suggests the authorities may be running short of hard currency needed to pay debts and purchase key supplies such as oil, gas and weapons. Myanmar orders foreign money held by banks changed to kyats 2022-04-05T04:00:00Z Shortages of hard currency have also hindered imports of raw materials for manufacturing and worsened inflation, which surged to 18.7% in March. Sri Lankan lawmakers seek interim government to solve crisis 2022-04-05T04:00:00Z For several months, Sri Lankans have endured long lines to buy fuel, cooking gas, foods and medicines, most of which comes from abroad and is paid for in hard currency. Sri Lanka president proposes multiparty Cabinet amid crisis 2022-04-04T04:00:00Z For many months, Sri Lankans have endured long lines to buy fuel, foods and medicines, most of which comes from abroad and is paid for in hard currency. World Digest: April 3, 2022 2022-04-03T04:00:00Z But it is also due to a very real factor still working in Russia’s favor: strong oil and gas exports that bring a flood of hard currency into the country. Despite Western sanctions, Russian ruble and banks are recovering 2022-03-31T04:00:00Z However, that would leave Gazprom without hard currency to make foreign debt payments or purchase supplies abroad. EXPLAINER: What would paying for natural gas in rubles mean? 2022-03-29T04:00:00Z The state and federal governments had also issued millions of dollars and pounds in paper money, which had largely lost its value, giving the new nation little hard currency with which to rebuild. Building the American Republic, Volume 2 2018-01-18T00:00:00Z The best way to stop Mr. Putin’s war machine is to cut off his daily inflow of hard currency. Opinion | Thanks to Europe, Putin’s War Is Paying for Itself 2022-03-24T04:00:00Z We have to cut off buying Russian gas and oil, because these are the main sources of hard currency for Putin, which he then turns into a war machine. Perspective | Poland’s prime minister thinks the U.S. needs to do more to help Ukraine 2022-03-24T04:00:00Z Russia’s continuing oil and gas exports, amid high global prices, has ensured a steady stream of hard currency to support this state-mandated exchange. Despite Western sanctions, Russian ruble and banks are recovering 2022-03-31T04:00:00Z This week, he said that “unfriendly countries” might have to trade hard currency to Russia for rubles with which to buy oil and gas, a way to evade financial sanctions. Opinion | Finding tougher Russia sanctions requires some creativity 2022-03-26T04:00:00Z Less abstractly, the congress also claimed that Americans did not have enough hard currency to pay for the stamps and that commercial restrictions like the Sugar Act would impair their purchases of British manufactures. Building the American Republic, Volume 2 2018-01-18T00:00:00Z With much of the central bank’s reserves frozen, Mr. Putin needs the hard currency he receives every day, and therefore Russia has continued to pump oil at full prewar capacity. Opinion | Thanks to Europe, Putin’s War Is Paying for Itself 2022-03-24T04:00:00Z With the central bank bereft of a large portion of it hard currency reserves, the rouble plunged to record lows of more than 120 per dollar locally. Four weeks of war scar Russia's economy 2022-03-24T04:00:00Z Getting paid in roubles would do little to secure the hard currencies Russia needs to prop up its currency's value in global markets or pay for imports from other countries, he added. Asian gas buyers puzzle over Putin's demand for payment in roubles 2022-03-24T04:00:00Z Western sanctions and countersanctions by Moscow mean that the payment process on hard currency bonds issued by Russia or Russian companies has become much more complicated, with some payments delayed or getting stuck in transit. Sanctions delay payments to Russian corporate Eurobond holders 2022-03-23T04:00:00Z Initially, Russia seemed to balk at the prospect of sending scarce hard currency overseas, but on March 14 the finance ministry said it had approved a temporary procedure to make the payments. Explainer: Russia faces a raft of external debt payments 2022-03-21T04:00:00Z Meanwhile, Russia has been battered by devastating Western sanctions that cut the government’s access to an estimated half of the country’s hard currency reserves and dealt crippling blows to many sectors of the economy. Putin likens opponents to ‘gnats,’ signaling new repression 2022-03-18T04:00:00Z The European Central Bank is working on a financial facility to let millions of Ukrainian refugees convert their savings into hard currency, Reuters reported on Friday. Polish central bank programme to allow Ukrainians to convert cash 2022-03-18T04:00:00Z Russia is facing increased financial isolation after Western sanctions have frozen much of the government’s hard currency reserves held outside the country and barred transactions with some Russian banks. Russia says it transferred bond payment to avoid default 2022-03-17T04:00:00Z Russia is due to make two hard currency coupon payments of near $117 million on Wednesday. Russia rouble payment of USD coupons would be a sovereign default -Fitch 2022-03-15T04:00:00Z Sanctions have been biting hard, especially the freezing of the central bank currency reserves, with Moscow initially balking at the prospect of sending scarce hard currency to foreign investors. Explainer: Can Russia pay its creditors, and what happens if not? 2022-03-15T04:00:00Z The Kremlin also has barred its citizens from withdrawing more than $10,000 in hard currency from the nation’s banks. Russia’s ‘imminent’ default would be catastrophic. Here’s why. 2022-03-09T05:00:00Z Russia's next 'hard currency' bond payments are two 'coupon' or regular interest payments due on March 16. Explainer: Will bond investors' insurance pay out if Russia defaults? 2022-03-09T05:00:00Z He added that a wide cutoff of sales “will have a significant impact because that will diminish Russia’s hard currency earnings.” U.S. Weighs Russian Oil Ban as Gas Prices Surge and Ukraine War Grows 2022-03-07T05:00:00Z The island nation was so short of hard currency during the pandemic that authorities had restricted imports of cars and fertilizer. Life in South Asia returns to normal as COVID cases decline 2022-03-03T05:00:00Z Being under the jurisdiction of a defaulted sovereign adds to pressure on Russian corporates, which have frequently used international capital markets to raise financing and have nearly $100 billion in hard currency bonds outstanding. Explainer: Can Russia pay its creditors, and what happens if not? 2022-03-15T04:00:00Z JPM analysts said in a research note that foreigners own around $79 billion of Russia's debt securities, including local currency Offs, sovereign hard currency euro bonds and corporate hard currency eurobonds. Factbox: Stranded assets: How many billions are stuck in Russia? 2022-03-03T05:00:00Z The South Asian island nation already was so short of hard currency that authorities had restricted imports of cars and fertilizer. Higher oil prices push Sri Lanka into deeper economic crisis 2022-03-02T05:00:00Z Foreigners, who hold around half Russia's hard currency debt, are focusing on March 16 when it must pay $107 million in coupons across two bonds. Analysis: Ukraine war raises spectre of Russia's first external debt default 2022-03-02T05:00:00Z "Sanctions ... have significantly increased the likelihood of a Russia government hard currency bond default." Sanctions significantly increase chance of Russia international debt default, analysts warn 2022-03-02T05:00:00Z Subsequent statements have been more nuanced and seemingly allow hard currency payments. Explainer: Can Russia pay its creditors, and what happens if not? 2022-03-15T04:00:00Z In the 1990s following the collapse of the Soviet Union, the dollar was the only hard currency Russians kept their savings in - the safest bet was under the mattress. Ukraine invasion: 'There are no dollars - I don't know what to do!' 2022-02-28T05:00:00Z Western nations ramped up the pressure with a freeze on Russia’s hard currency reserves, threatening to bring Russia’s economy to its knees. Ukraine, Russia envoys talk under shadow of nuclear threat 2022-02-28T05:00:00Z The bank’s action follows the Western decision Sunday to freeze its hard currency reserves in an unprecedented move that could have devastating consequences for the country’s financial stability. Live: Live updates: Russia: Nuclear deterrent forces on high alert 2022-02-28T05:00:00Z Russia has just under $40 billion worth of international market or "hard currency" debt as it is known. Sanctions significantly increase chance of Russia international debt default, analysts warn 2022-03-02T05:00:00Z Mr. Kim says his arsenal is meant for deterrence, but analysts fear that North Korea could also export its missile technology to obtain badly needed hard currency. North Korea Launches a Ballistic Missile, South Korea Says 2022-02-26T05:00:00Z “Sanctions enforcement is inherently a cat and mouse game and they’ve had eight years, ever since Crimea, to set up alternative mechanisms to keep hard currency flowing to the regime,” Billingslea said. Biden’s Russia sanctions may let Moscow profit from oil, gas 2022-02-27T05:00:00Z JPMorgan is a major provider of emerging market indexes for local currency and hard currency bonds. JPMorgan reviewing impact on its indexes of U.S. sanctions on Russian debt -source 2022-02-23T05:00:00Z It was unclear exactly what share of Russia’s estimated $640 billion hard currency coffers will be paralyzed by the move, but European officials said that at least half of it will be affected. Live: Live updates: Russia: Nuclear deterrent forces on high alert 2022-02-28T05:00:00Z To help confront shortages and bring in hard currency, the government also expanded a network of hard currency stores that are often better stocked but much more costly than standard shops. Shortages, inflation frustrate Cubans struggling to get by 2022-02-17T05:00:00Z The deal could potentially bring badly needed hard currency to the small nation of 6 million people, including 1 million Syrian refugees. French shipping company wins Beirut port containers contract 2022-02-17T05:00:00Z Sanctions on banks would be partly aimed at forcing Russia's central bank to dig into its hard currency reserves in order to bail out the banks and keep them afloat, O'Toole and Fried both said. U.S. sanctions on Russian banks are the West's most potent economic threat 2022-02-16T05:00:00Z Qatar, United Arab Emirates and Hungary have higher levels of dollar and other 'hard currency' debt, making up more than 80% of their GDP. Dashboard of emerging market vulnerabilities to rising global rates 2022-02-04T05:00:00Z The move will dramatically raise pressure on the ruble by undermining the financial authorities’ ability to conduct hard currency interventions to prevent the ruble from sinking further and triggering high inflation. Live: Live updates: Russia: Nuclear deterrent forces on high alert 2022-02-28T05:00:00Z But long lines now are common both in local and hard currency stores, where products ranging from soap to beans to chicken tend to suddenly appear and rapidly vanish. Shortages, inflation frustrate Cubans struggling to get by 2022-02-17T05:00:00Z Since 2019 it has burned through most of its reserves of hard currency, leading to a dollar shortage that has seen the national currency lose more than 90% of its value. Cash-strapped Lebanon tells diplomats to find donors to fund embassies 2022-02-01T05:00:00Z The central bank declined to comment on hard currency reserves and sanctions. U.S. sanctions on Russian banks are the West's most potent economic threat 2022-02-16T05:00:00Z To curb the lira's weakness, Mr Erdogan unveiled a scheme three weeks ago in which the state protects converted local deposits from losses versus hard currencies. Turkey's inflation hits 36% amid financial turmoil 2022-01-03T05:00:00Z The premium demanded to hold Turkish hard currency sovereign bonds over safe-haven U.S. Turkey's lira logs worst year in two decades under Erdogan 2021-12-31T05:00:00Z While Finance Minister Nureddin Nebati said Turks’ dollar holdings have been falling, official data showed local holdings of hard currencies soared to a record billion last week. Lira on four-day skid as Ankara struggles to hold confidence 2021-12-30T05:00:00Z To boost the lira, Erdogan announced a scheme in which the state protects converted lira deposits against future depreciation losses versus hard currencies. Erdogan may cash in on economy steps with early election, analysts say 2021-12-29T05:00:00Z More than half of locals' savings is in hard currencies and gold, official data shows, due to a loss of confidence in the lira after years of depreciation and eroded central bank credibility. Lira extends week's rally bolstered by Turkish state banks 2021-12-23T05:00:00Z The United States and other donors cut financial assistance, and more than $9 billion in Afghanistan's hard currency assets were frozen. U.S. authorizes certain transactions with Taliban to ease flow of aid to Afghanistan 2021-12-22T05:00:00Z The rapid rebound was triggered by the deposit guarantee promise that Erdogan said would dissuade Turks from converting savings to hard currencies. Turkish lira charges back after Erdogan's anti-dollarization plan 2021-12-21T05:00:00Z “Ongoing engagement with the Taliban to coordinate access to urgently needed hard currency can provide the necessary leverage to secure human rights improvements,” they wrote. House Democrats demand Biden ease economic sanctions on the Taliban regime 2021-12-20T05:00:00Z The United States and other donors cut off financial aid on which Afghanistan became dependent during 20 years of war and more than $9 billion of the country's hard currency assets were frozen. EXCLUSIVE Donors expected to back $280 mln transfer for Afghanistan 2021-12-10T05:00:00Z Tourism is a crucial source of jobs and hard currency for Egypt, which has made a concerted effort to lure back the travellers kept away by the coronavirus pandemic. Egypt revives ancient road connecting Luxor and Karnak 2021-11-25T05:00:00Z Turkey's central bank has previously sought swap deals with other countries as a source of hard currency to build reserves and support the lira, which has lost as much as 45% this year. Turkey, UAE sign investment accords worth billions of dollars 2021-11-24T05:00:00Z They wanted a stable money supply and to not have their hard currency siphoned off to British creditors. Review | An expanded perspective, and a controversial claim, on America’s revolution 2021-11-18T05:00:00Z Iran’s exports to Afghanistan total an estimated $7 billion annually, and the country has relied on Afghanistan’s currency market to acquire hard currency in circumvention of international banking sanctions. Iran Wanted U.S. Out of Afghanistan. It May Be Sorry the Wish Came True. 2021-10-26T04:00:00Z Mirziyoyev lifted controls on hard currency, helping encourage foreign investment, and he moved to patch up foreign relations that soured under Karimov. Uzbekistan’s incumbent leader wins 2nd term in office 2021-10-25T04:00:00Z Mirziyoyev has lifted controls on hard currency, encouraging investment from abroad, and he moved to patch up foreign ties that had soured under Karimov. World Digest: Oct. 24, 2021 2021-10-24T04:00:00Z He also lifted controls on hard currency, encouraging investment from abroad, and he moved to patch up foreign relations that soured under Karimov. Uzbek president who has eased restrictions heads to new term 2021-10-23T04:00:00Z He then would allegedly resell the hard currency on the black market, turning a huge profit. US sentence reduced for Hugo Chavez’s former bodyguard 2021-10-20T04:00:00Z Compounding the orphanage's problems is the weekly limit of $200 on bank withdrawals to avoid a run on hard currency, meaning access to funds is not enough to support the children and staff. Kabul orphanage struggles to feed its children as cash runs low 2021-10-14T04:00:00Z As part of its fourth quarter outlook, Gramercy said it still favors emerging market corporate debt over sovereigns, high yield over investment grade and hard currency over local currency. Gramercy says it added Evergrande exposure as bond prices crater 2021-09-30T04:00:00Z The hard currency crunch is making it difficult for the Taliban to meet basic needs, including paying for power or dispersing salaries to government employees, many of whom have not been paid in months. Exclusive-Afghan central bank drained dollar stockpile before Kabul fell - document 2021-09-29T04:00:00Z Tourism remains a significant source of hard currency for the Turkish economy. Factbox-Partners or rivals? Russia and Turkey navigate awkward alliance 2021-09-28T04:00:00Z The trigger was slowing inflows of hard currency into the banking system, which lent heavily to the government. Analysis-Who pays? Lebanon faces tough question in IMF bailout bid 2021-09-23T04:00:00Z Fuel supplies have dried up because Lebanon does not have enough hard currency to cover even vital imports, forcing essential services including some hospitals to scale back or shut down and sparking numerous security incidents. Hezbollah brings Iranian fuel into Lebanon, al-Manar TV says 2021-09-16T04:00:00Z He pledged to work hard to resolve shortages of fuel and medicine, supplies of which have dried up as the import-dependent nation's hard currency reserves have run out. No 'magic wand' to fix Lebanon crisis, new prime minister says 2021-09-13T04:00:00Z And as the economy spiraled deeper into crisis — with sharply rising prices and dwindling hard currency — many say they are eager to leave, particularly those eligible for the U.S. Afghans With Ties to U.S. Who Could Not Get Out Now Live in Fear 2021-09-03T04:00:00Z The sector drives more than 10% of the economy, attracting hard currencies vital to offsetting a heavy trade deficit. Turkish hotels to close early after UK 'red list' dashes hopes 2021-09-03T04:00:00Z Several reforms the IMF would likely seek, including cutting subsidies and unifying the numerous exchange rates in Lebanon’s chaotic cash economy, are already becoming realities as hard currency dries up, political sources say. Analysis-Who pays? Lebanon faces tough question in IMF bailout bid 2021-09-23T04:00:00Z But for the hawala system to work, Afghanistan must ultimately find sources of hard currency to lubricate the lines of credit that would snake back into the country. Short on Money, Legal and Otherwise, the Taliban Face a Crisis 2021-09-02T04:00:00Z As a result, there is no hard currency for civilians to access - the banks are almost all closed, and people are unable to withdraw dollars. Afghanistan's economy in crisis after Taliban take-over 2021-08-25T04:00:00Z The U.S.-educated head of Afghanistan’s Central Bank, Ajmal Ahmady, said the country’s supply of hard currency, in the form of U.S. dollars, was “close to zero.” Taliban cracks down on protests — and those seeking to leave 2021-08-18T04:00:00Z While authorities denounce U.S. sanctions, they spend scarce hard currency to import thousands of pounds of frozen poultry each year from American companies, making the United States one of the country’s top trading partners. Cuba’s communist authorities have long feared change. Street protests show the risk of resisting it. 2021-07-22T04:00:00Z Speaking at a Cabinet meeting, the Turkmen president voiced discontent over a drop in hard currency revenues resulting from a slump in energy prices. Turkmenistan president’s son promoted to key government job 2021-07-10T04:00:00Z Poor countries could then trade their share of those with wealthier countries to get hard currency to fund vaccines. How the I.M.F. plans to build a $650 billion fund to fight the pandemic. 2021-07-09T04:00:00Z Remittances serve as a vital source of foreign hard currency. Nation-building effort unlikely to stem Central American immigration tide, study finds 2021-06-14T04:00:00Z To spend those SDRs, recipients would need to exchange them for the underlying hard currency with a willing country. U.S. Treasury's Yellen says Congress needs to fund debt relief programs 2021-06-10T04:00:00Z Without the hard currency of oil sales, Iran likely would need to print more rials to fund those programs, which in turn would lower the rial’s value further. As Iran prepares to vote, its battered economy a major worry 2021-06-09T04:00:00Z Makarem said he estimated renovation costs for both clubs at more than $500,000, a daunting sum to find at a time when banks are holding on to scarce hard currency. The music stops at Beirut's fabled nightclubs 2021-06-08T04:00:00Z Special Drawing Rights, or S.D.R.s, were created in the 1960s and are essentially a line of credit that can be cashed in for hard currency by member countries of the I.M.F. How the I.M.F. plans to build a $650 billion fund to fight the pandemic. 2021-07-09T04:00:00Z That occasionally left clothing stores empty as businesses struggled to obtain hard currency. Zara owner Inditex to close all stores in Venezuela, local partner says 2021-05-22T04:00:00Z The state’s Cadeca exchange company said the measure was due to a drastic drop in tourism during the pandemic and the resulting lack of hard currency. Cuba closes airport exchanges as black market dollar booms 2021-05-21T04:00:00Z "We believe that much of the news is already priced in to both hard currency and local currency denominated sovereign bonds," said Lewis Jones, portfolio manager of emerging markets debt at William Blair Investment Management. Wall Street giants bet on Colombia sinking deeper into junk 2021-05-20T04:00:00Z Similarly to Egypt, tourism accounts for more than a third of hard currency earnings in Tunisia, whose economy is expected to grow just 3.8% in 2021 after a sharp contraction in 2020. Spectre of another lost tourism season haunts emerging markets 2021-05-13T04:00:00Z The economy was tanking, and hard currency was becoming scarce. Driven by despair, Lebanese pharmacist looks to life abroad 2021-05-12T04:00:00Z The central bank is struggling to gather enough hard currency to ensure fuel for electricity or other key imports, much less maintain its longtime peg of the currency to the dollar. As Lebanese cry for justice, politics paralyzes the system 2021-05-03T04:00:00Z Argentina’s economy is expected to expand by nearly 7 percent this year, as exports of soybeans generate growth, while high commodity prices give the country a needed source of hard currency. ‘We Were Left With Nothing’: Argentina’s Misery Deepens in the Pandemic 2021-04-19T04:00:00Z It has granted more autonomy to state businesses to earn and spend hard currency and loosened regulations on small private ones. Analysis: Cuban Communists under pressure to accelerate economic reforms 2021-04-14T04:00:00Z Kenya is the world’s biggest exporter of black tea and the crop is one of the country’s top hard currency earners, along with tourism and cash sent home by citizens living abroad. In Kenya, speciality tea finds favour with health conscious consumers 2021-03-10T05:00:00Z The employees of Russia’s embassy in Pyongyang left the country amid worsening conditions brought on by the government’s harsh coronavirus measures, including bans on everything from hard currency to foreign cargo. Russian diplomats had to ride a hand-power railcar out of North Korea due to covid restrictions 2021-02-26T05:00:00Z The plan to open vaccination to tourists appears, to some, to be a risky and shrewdly capitalist gambit to attract visitors, and with them the hard currency the island desperately needs. Coronavirus Vaccine Nears Final Tests in Cuba. Tourists May Be Inoculated. 2021-02-17T05:00:00Z Many countries have already seen hard currency revenues from sectors such as tourism crater and they lack the capacity of their richer peers to pump in stimulus. Analysis: Food price spikes see inflation rear its head in emerging markets 2021-02-08T05:00:00Z But with hard currency reserves falling quickly, government officials in recent months discussed lifting all subsidies. 'We open, people die; we close, people die.' COVID surge leaves Lebanon with no good options 2021-02-05T05:00:00Z Such "adjustments," in turn, allowed the recipients to service the loans, extracting scarce hard currency from already deeply impoverished nations. The rubble of empire 2021-01-28T05:00:00Z In the country’s wrecked economy, everyone is desperate for hard currency and liquidity as the local currency plummets in value. Amid crisis, Hezbollah ‘bank’ a lifeline for some Lebanese 2021-01-27T05:00:00Z In the country’s wrecked economy, everyone is desperate for hard currency and liquidity as the local currency plummets in value. Amid crisis, Hezbollah ‘bank’ a lifeline for some Lebanese 2021-01-26T05:00:00Z The Trump administration opposed a proposed $500 billion expansion of so-called special drawing rights at the I.M.F., a reserve asset that governments can exchange for hard currency. If Poor Countries Go Unvaccinated, a Study Says, Rich Ones Will Pay 2021-01-23T05:00:00Z Latin American cartels, flush with dollars and euros from drug sales, are uniquely placed to satisfy the Chinese appetite for hard currencies. Special Report: Burner phones and banking apps: Meet the Chinese 'brokers' laundering Mexican drug money 2020-12-03T05:00:00Z Some businesses say they prefer to avoid cash because of the risk of robbery and to reduce time spent managing hard currency. D.C. Council votes to outlaw cashless stores, allow some prisoners to seek early release 2020-12-01T05:00:00Z The tourism sector is one of the top hard currency income earners in cash-strapped Cuba which already opened most of the country last month to travelers. Cuba reopens Havana airport ahead of tourism high season 2020-11-11T05:00:00Z The administration began preparing economic penalties that would target Mr. Maduro’s inner circle and the oil assets he depended on for hard currency. Trump, Venezuela and the Tug-of-War Over a Strongman 2020-11-01T04:00:00Z Though data on Cuba’s foreign exchange flows is sparse, family remittances are probably the island’s third source of hard currency after tourism and the export of medical services. Cubans lose access to vital dollar remittances after latest US sanctions 2020-11-01T04:00:00Z Remittances are also a vital source of hard currency for developing countries, often dwarfing foreign direct investment and foreign aid. Even When They Lost Their Jobs, Immigrants Sent Money Home 2020-09-24T04:00:00Z Cuba has exported doctors on more routine missions in exchange for cash or goods in recent decades, making them its top source of hard currency. Cuba punches above weight with 'white coat army' during pandemic 2020-09-14T04:00:00Z She said she foresaw a “less cash” society, rather than a truly cashless one, in the near term, since many people continue to rely on hard currency. Who Gets Hurt When the World Stops Using Cash 2020-09-11T04:00:00Z But the government lent its support to signal postwar rejuvenation and to secure the desperate lifeline of hard currency from foreign tourists. At the Olympics in Bombed-Out London, She Forever Changed Women’s Sports 2020-07-24T04:00:00Z But it will also leave the state with less hard currency to import food and medicine. Cubans lose access to vital dollar remittances after latest US sanctions 2020-11-01T04:00:00Z The complaint, U.S. officials say, is further evidence of covert Chinese support to North Korea criminal activities, in this case efforts to help Pyongyang obtain hard currency in circumvention of international sanctions. China’s aggressive submarine buildup 2020-09-02T04:00:00Z Banking sources described what appears to be a serious shortage of hard currency despite an infusion of cash last week. Belarus arrests two opposition figures after mass demonstrations 2020-08-24T04:00:00Z Amid the financial crisis, investors with hard currency from abroad have gained a further advantage. Beirut needs billions of dollars it doesn’t have to rebuild after massive blast 2020-08-20T04:00:00Z But with the advent of the health bonuses, hard currency will for the first time be flowing in the other direction, Kliot said. Online exchange blocked in Venezuela ahead of health bonuses 2020-08-21T04:00:00Z “Trump’s Cuba advisers believe that cutting off all hard currency inflows into the country will both precipitate regime change and help Trump’s electoral chances in south Florida,” said Herrero. Cubans lose access to vital dollar remittances after latest US sanctions 2020-11-01T04:00:00Z The Communist-run island prides itself on its biopharmaceutical industry, begun by former revolutionary leader Fidel Castro, which is also an important hard currency earner and already produces several vaccines. Cuba to start clinical trials of potential coronavirus vaccine 2020-08-19T04:00:00Z The government’s rationale for reopening hard currency stores – to increase supply and to rake in foreign currency – is broadly accepted but the mordant irony of the measure escapes few. Dollar back in Cuba as pandemic and US sanctions hammer economy 2020-08-18T04:00:00Z The economy was already in meltdown before the blast, slowing grain imports as the nation struggled to find hard currency for purchases. After blast, Lebanon has less than a month's grain reserves 2020-08-05T04:00:00Z The Federal Reserve of New York still supplies Iraq with at least $10 billion a year in hard currency from the country’s oil sales. Inside the Iraqi Kleptocracy 2020-07-29T04:00:00Z Under the new system, people buy merchandise using national or foreign cards backed by hard currencies, especially dollars, including Visa or Mastercards. Cuba opens foreign currency-only shops, ends tax on dollar 2020-07-20T04:00:00Z To get the precious hard currency, they must navigate labyrinthine regulations, exploiting any loopholes they can to rescue their earnings. Hottest commodity in Lebanon’s economic chaos: The US dollar 2020-07-08T04:00:00Z Lebanon is suffering an acute financial crisis and hard currency liquidity crunch. Lebanon's Hezbollah talks to government about Iran fuel idea 2020-07-07T04:00:00Z With rising taxes, falling subsidies, foreign markets limited by sanctions, and difficulty obtaining hard currency needed for trade, more and more businesses report problems. Currency crisis impoverishes Iranians, strains economic defenses 2020-07-07T04:00:00Z Venezuela’s formerly abundant oil exports have slowed to a trickle, and it has become dependent on the hard currency it can raise from gold sales to import basic products and consumer goods. Nicolás Maduro Can’t Sell Venezuelan Gold at Bank of England, Court Rules 2020-07-02T04:00:00Z It badly needs hard currency and sees the gold stored in the vaults of the Bank of England as the solution. UK court rules against Maduro over Venezuelan gold 2020-07-02T04:00:00Z Even larger, more diversified economies depend on tourism for jobs and hard currency earnings. Report: Tourism to Latin America hammered by COVID 2020-07-01T04:00:00Z Lebanon is hoping that the reopening of the airport will help bring in hard currency to prop up the economy. Countries eager for tourists, Tokyo Disneyland reopens 2020-07-01T04:00:00Z A drastic undersupply of drugs and hard currency forces the sick to purchase essential medicine out of pocket. Spike in deaths in Darfur points to virus’ invisible spread 2020-06-13T04:00:00Z State Department spokesman said the move was designed to stop the flow of remittances through military-controlled financial institutions and the flow of hard currency to the government. On Raul Castro's birthday, U.S. threatens Cuba remittances 2020-06-03T04:00:00Z These countries tend to issue bonds in dollars or other hard currencies. Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’ 2020-06-01T04:00:00Z When the flow of hard currency dropped, beginning in 2016 — in large part because falling oil prices reduced remittances from Lebanese working in Gulf Arab nations — Salameh responded with a so-called “financial engineerings” debt policy. Lebanon crisis brings mixed legacy for central bank governor 2020-05-27T04:00:00Z When the flow of hard currency dropped, beginning in 2016 - in large part because falling oil prices reduced remittances from Lebanese working in Gulf Arab nations - Salameh responded with a so-called “financial engineerings” debt policy. Lebanon crisis brings mixed legacy for central bank governor 2020-05-28T04:00:00Z But the pandemic may present a unique opportunity for the sector to burnish its reputation and generate hard currency. With Castro-era biotech, Cuba seeks to compete in coronavirus treatment race 2020-05-13T04:00:00Z Many developing countries will need to buy food and medical supplies with hard currency, which will become increasingly difficult because of faltering export earnings and collapsing remittances. In the most vulnerable countries, poverty could be as deadly as the coronavirus crisis | Esther Duflo & Abhijit Banerjee 2020-05-06T04:00:00Z Experts believe this offers Iran’s Shiite theocracy and the Guard hard currency amid the U.S. sanctions campaign targeting the country’s vital oil industry. Venezuela turns to Iran for a hand restarting its gas pumps 2020-04-23T04:00:00Z The United States still lists Sudan as a state sponsor of terrorism, stifling investment; widespread shortages of food, fuel and hard currency have resulted in hardship. Concerns of a Coup Stir in Sudan as Capital Braces for a Virus Lockdown 2020-04-17T04:00:00Z The spread of the coronavirus threatens to overwhelm Venezuela’s already collapsed health system while depriving its crippled economy of oil revenue on which it almost exclusively depends for hard currency. US outlines plan for Venezuela transition, sanctions relief 2020-03-31T04:00:00Z At the same time, U.S. officials are preparing a “name and shame” list of countries, with China and Russia at the top, that employ North Korean workers who provide crucial hard currency for Pyongyang. U.S. targets North Korea hacking as nuclear talks sputter 2020-03-01T05:00:00Z At the same time, U.S. officials are preparing a “name-and-shame” list of countries — with China and Russia at the top — that employ North Korean workers who provide crucial hard currency for Pyongyang. U.S. targets North Korean hackers, money sources as talks sputter 2020-02-29T05:00:00Z Bumper crops of tobacco and increased production of cigars bring in much-needed hard currency to Cuba’s cash-strapped government, helping it pay creditors for food imports and other goods not produced on the island. Cuba opens its annual trade fair for the key cigar sector 2020-02-24T05:00:00Z Nichols said the problem stems more from a lack of hard currency rather than an attempt to restrict internet access for political reasons. The internet is widely accessible in Cuba. Why is the U.S. insisting it isn't? 2020-02-17T05:00:00Z Diplomats say the Tripoli government is less dependent on oil than before, as up to a third of the budget is covered by a fee it levies on all private transactions involving hard currency. Libya's rival factions dig in for long conflict 2020-02-17T05:00:00Z However, a February report published by the private intelligence analysis firm Recorded Future said North Korea has developed a wide-reaching clandestine cyberoperation to circumvent international sanctions and earn hard currency. U.S. targets North Korea hacking as nuclear talks sputter 2020-03-01T05:00:00Z However, a February report published by the private intelligence analysis firm Record Future said North Korea has developed a wide-reaching clandestine cyber operation to circumvent international sanctions and earn hard currency. U.S. targets North Korean hackers, money sources as talks sputter 2020-02-29T05:00:00Z Cuba’s fuel crisis even affected the key tourism sector this month, one of country’s top sources of hard currency. Exclusive: Venezuela's PDVSA steps up fuel shipments to Cuba as shortages bite 2020-02-14T05:00:00Z Until the start of the economic crisis in 2013, the company was the source of virtually all of Venezuela’s hard currency. To Survive, Venezuela’s Leader Gives Up Decades of Control Over Oil 2020-02-08T05:00:00Z “I’d rather put the hard currency in the hands of the South Koreans, the Vietnamese. And normal economists just don’t think that way,” he said. U.S. Trade Deficit Shrinks, but Not Because Factories Are Returning 2020-02-05T05:00:00Z In fact, the bank custodial services only manage around 10% of all hard currency in Venezuela, two of the bank executives said, meaning the rest is in improvised storage. Exclusive: Venezuelan banks begin storing dollars amid Maduro's liberalization - sources 2020-02-04T05:00:00Z Under the new economy, Mr. Maduro’s supporters among the Venezuelan elite are living handsomely on business deals and stashes of hard currency, which American sanctions prevented them from spending abroad. Venezuela’s Capital Is Booming. Is This the End of the Revolution? 2020-02-01T05:00:00Z Last week Pyongyang informed tour companies that it would be indefinitely banning foreign tourists, which are a major source of hard currency for the sanctions-strapped regime. North Korea imposes month-long quarantine on foreigners arriving from China over virus fears 2020-01-28T05:00:00Z But Shrewsbury’s comeback demonstrated how abstract notions such as momentum and belief can still trump the hard currency of talent and pedigree. FA Cup fourth round: 10 talking points from the weekend action 2020-01-27T05:00:00Z The City Council approved legislation on Thursday that prohibits stores, restaurants and other retail outlets from refusing to accept hard currency. New York City Stores Must Accept Cash, Council Says 2020-01-23T05:00:00Z Bteish estimates the shortfall between the central bank’s liabilities to commercial banks - or hard currency deposits parked by lenders at the bank - and its own reserves at around $40 billion. Lebanon's new government may have little reserves left to stabilize economy 2020-01-22T05:00:00Z The Lebanese pound has weakened on the parallel market, a hard currency squeeze has driven up prices and confidence in the banking system has been battered. Lebanon security forces fire tear gas, clash with protesters near central bank 2020-01-14T05:00:00Z The U.S. last week banned charter flights from the U.S. to cities outside Havana, the latest pressure meant to cut off the flow of hard currency and energy to Cuba. Cuba warns citizens to prepare for cooking-gas shortages 2020-01-14T05:00:00Z In September 2016, the Treasury Department acknowledged that $1.7 billion was transferred from the U.S. to Iran in foreign hard currency. Mike Pompeo: Iran terror general Soleimani was planning 'imminent attacks' when he was killed 2020-01-09T05:00:00Z The promise of hard currency earned from the sale of refugees’ travel documents helped the Politburo reach its decision in July 1940. My father, the quiet hero: how Japan’s Schindler saved 6,000 Jews 2020-01-04T05:00:00Z Those sanctions required China, Russia and other countries to send North Korean workers home by late last month, depriving Mr. Kim’s government of a key source of hard currency. What Kim Jong-un’s Latest Threats Say About His Trump Strategy 2020-01-01T05:00:00Z Its main sources of hard currency were tourism — now virtually nonexistent — and oil, which is now controlled by the U.S. Syria (barely) survived a civil war. Can it weather the latest financial crisis? 2019-11-29T05:00:00Z Then the flow of hard currency into the country dropped starting in 2016, in large because falling oil prices reduced remittances from Lebanese in Arab Gulf nations. Fear, turmoil in Lebanon as its financial crisis worsens 2019-11-20T05:00:00Z S&P cited rising pressure on central bank foreign currency reserves and diminished depositor confidence brought on by the bank closures and reported restrictions on hard currency movement. Crisis-swept Lebanon in gridlock after Safadi withdrawal 2019-11-17T05:00:00Z Meanwhile, banks, which open sporadically and are forced to exchange pounds at the official exchange rate, hoard dollars by warding off account holders who demand to withdraw money in hard currency or transfer it abroad. As Lebanon's unrest continues, fears grow for its currency 2019-11-12T05:00:00Z Leasing doctors to other countries is the main source of hard currency for Cuba’s cash-strapped economy, earning the government $6-8bn a year – far more than it makes from tourism. Cuba’s secret deal to monetise medics working in Qatar 2019-11-08T05:00:00Z The country’s hard currency reserves depleted and the Kremlin was struggling to pay its bills, leaving Gorbachev and his government in a weak negotiating position. Berlin Wall’s fall stokes memories of lost hopes in Russia 2019-10-31T04:00:00Z He worried that if hard currency problems continued, suppliers might slap hefty risk premiums on shipments headed for Lebanon or stop selling altogether, driving up costs. At Lebanon shops, mills and petrol pumps, fears of supply crisis grow 2019-10-30T04:00:00Z “U.S. control over the disposition of the fields and the hard currency they offer would provide a significant influence over the shape of Syria’s future,” he said. Proposed U.S. oil company role in Syria faces hurdles: experts 2019-10-27T04:00:00Z To earn hard currency, his government is scrambling for alternatives. In hungry Venezuela, food producers step up exports to survive 2019-10-23T04:00:00Z By some estimates, the sellers known as “mules” spend some $2 billion a year overseas, a major outflow of hard currency from an island already in a serious cash crunch. Cuba to let citizens buy imports with foreign currencies 2019-10-16T04:00:00Z But supporters of the project argue that Russia has long been a reliable supplier to Europe, needing the hard currency and the income, and that the dependence is mutual. Pipelines From Russia Cross Political Lines 2019-10-07T04:00:00Z Such overseas workers are a major source of hard currency for the North Korean regime. North Korea Rules Out Quick Resumption of ‘Sickening’ Talks with U.S. 2019-10-06T04:00:00Z The central bank said the imports it’s securing hard currency for are “only for local consumption.” Lebanon’s central bank secures dollars to cover some imports 2019-10-01T04:00:00Z Iran's oil exports are close to zero, its revenue stream is drying up, and its reserves of hard currency are thought to be sufficient only for several more months. Why would Iran raise the stakes by attacking Saudi Arabia? 2019-09-19T04:00:00Z Due in large part to strict currency controls in place since 2003, the government of President Nicolas Maduro has for years failed to reimburse the airlines in hard currency for ticket sales in local currency. Airlines see new government in Venezuela as key to repayment of... 2019-09-10T04:00:00Z That would allow Iran to obtain foreign hard currency. Iran 'will never talk directly to US' 2019-09-03T04:00:00Z Much of what seafood Cuba does produce, including lobster and shrimp, is exported to generate much-needed hard currency. An island without fish? Cuba aims to tackle problem with law overhaul 2019-08-27T04:00:00Z Another source of hard currency for North Korea may be an army of tech workers, according to the U.N. panel’s report. North Korea hacks banks, cryptocurrencies for funds, U.N. finds 2019-08-06T04:00:00Z Tourism is the main source of hard currency in Tanzania, which is known for its beaches, wildlife safaris and Mount Kilimanjaro. Tanzania to shut part of wildlife preserve to big game hunters 2019-07-26T04:00:00Z The sanctions are designed to cut off all North Korean exports, 90 percent of its trade, and disband its pool of workers sent abroad to earn hard currency. North Korea says US is 'hell-bent on hostile acts' despite peace talks 2019-07-04T04:00:00Z By October 2018, Sudan was sliding into an economic crisis, with bread, fuel and hard currency in short supply. Abandoned by the UAE, Sudan's Bashir was destined to fall 2019-07-03T04:00:00Z “They have the money, but they can’t get the foreign exchange, the hard currency,” he said. Casualty of trade war: Chinese investments in U.S. grind to a halt, blocking new jobs 2019-07-01T04:00:00Z Tourism revenues, the country’s second-biggest source of hard currency, already slumped nearly 5 percent last year, according to official data. Cuba's private-sector workers say Trump's travel curbs will hurt... 2019-06-05T04:00:00Z Even more severe U.S. sanctions against Iran's banking and energy sectors, including restrictions on Iran's oil industry, went into effect later, cutting off a crucial source of hard currency. Pompeo: Trump admin willing to talk to Iran 'with no preconditions' as tensions hit boiling point 2019-06-02T04:00:00Z Tourism is the main source of hard currency in Tanzania, best known for its beaches, wildlife safaris and Mount Kilimanjaro. Tanzania to offer 26 big game hunting blocks in new auction 2019-05-13T04:00:00Z Here’s an examination of the seizure of the Wise Honest, the North’s second largest cargo ship, and how it fits into North Korea’s alleged illicit pursuit of hard currency: AP Explains: What’s behind rare US seizure of N. Korea ship 2019-05-10T04:00:00Z Here's an examination of the seizure of the Wise Honest, the North's second largest cargo ship, and how it fits into North Korea's alleged illicit pursuit of hard currency: AP Explains: What's behind rare US seizure of N. Korea ship 2019-05-10T04:00:00Z But analysts say some Iranian farmers are selling meat in neighbouring countries to obtain foreign hard currency. How renewed US sanctions have hit Iran hard 2019-05-01T04:00:00Z But some observers say the sanctions, toughened over the past several years, are gradually drying up Kim's foreign currency reserves and he is desperate to find ways to bring in hard currency. Kim looks to Russia as sanctions bite North Korea's economy 2019-04-23T04:00:00Z But some observers say the sanctions, toughened over the past several years, are gradually drying up Kim’s foreign currency reserves and he is desperate to find ways to bring in hard currency. Kim looks to Russia as sanctions bite North Korea’s economy 2019-04-23T04:00:00Z Both China and Russia also host tens of thousands of North Korean laborers, who are an important source of badly needed hard currency for Mr. Kim’s regime. North Korea’s Latest Weapons Test: Short in Range but Long in Message 2019-04-18T04:00:00Z That overseas shopping has become a vacuum sucking precious hard currency out of Cuba. Shortages hit Cuba, raising fears of new economic crisis 2019-04-18T04:00:00Z Foreign banks operating in Albania send their hard currency to Vienna because Albania’s central bank does not accept such deposits. Albania airport heist: armed robbers steal €2.5m from Austrian Airlines plane 2019-04-09T04:00:00Z Maduro eased restrictions on foreign exchange this year, but the economy remains desperately short of hard currency needed to import goods. Exclusive: Venezuela removes eight tonnes of gold from central bank... 2019-04-09T04:00:00Z Oil exports — the country’s only significant source of hard currency — are plummeting. Opinion | Trump’s intervention in Venezuela has stalled — because Caracas knows he’s bluffing 2019-03-31T04:00:00Z The president’s remarks on Venezuela came as his administration announced new sanctions targeting Venezuela’s gold mining, part of a series of financial penalties aimed at cutting off Maduro’s access to hard currency. Trump sees a lot to like in Brazil’s unapologetically far-right, nationalist leader 2019-03-19T04:00:00Z Greedy for hard currency, the Kremlin would be on its best behavior in Europe. Opinion | Trump and Angela Merkel are dueling over a pipeline. Here’s why. 2019-03-14T04:00:00Z The United States in January also slapped strong sanctions on Venezuela’s pivotal oil sector, effectively cutting off the nation’s single largest source of hard currency. Venezuela investigates Guaidó for sabotage of electrical system, arrests prominent journalist 2019-03-12T04:00:00Z That’s because the vast oil reserves that once made Venezuela Latin America’s wealthiest country provide the primary source of the hard currency it needs to import food and other goods. Gas scarcity could turn Venezuela’s crisis to catastrophe 2019-03-06T05:00:00Z That’s because the vast oil reserves that once made Venezuela Latin America’s wealthiest country provide the primary source of the hard currency it needs to import food and other goods. Gas scarcity could turn Venezuela’s crisis to catastrophe 2019-03-06T05:00:00Z The request is part of the opposition’s strategy to safeguard Venezuela’s foreign assets and prevent the socialist Maduro government from selling off gold reserves to raise hard currency amid tightening sanctions. Venezuelan opposition asks Citibank to delay gold repurchase: sources 2019-03-05T05:00:00Z Last month, the Trump administration slapped sanctions on Maduro’s government that cut off his single largest source of hard currency: oil sales to the United States. Has the Venezuelan opposition lost its momentum? 2019-02-26T05:00:00Z Last month, the United States imposed sweeping sanctions that effectively cut off Maduro’s biggest source of hard currency — oil sales to the United States. Venezuelan opposition looks to foreign allies for further steps to unseat Maduro 2019-02-24T05:00:00Z Many other families with no access to hard currency to buy imported supplies see the humanitarian aid as their last chance to save their children. As Venezuela’s Politicians Fight Over Aid, Patients Die Without It 2019-02-22T05:00:00Z But as they rob the government of its single largest source of hard currency — U.S. oil sales — they are also likely to deepen the suffering of the Venezuelan people. As Venezuela’s opposition mounts another day of protest, Maduro’s inner circle remains intact 2019-02-11T05:00:00Z Paid with the country’s near-worthless bank notes, these amateurs in turn supply the government with hard currency to purchase badly needed imports of food and hygiene products. How Venezuela turns its useless bank notes into gold 2019-02-10T05:00:00Z Immediately after the revolution, Iran nationalized its oil industry, its main source of hard currency. Long lines to buy meat illustrate Iran’s economic woes 2019-02-08T05:00:00Z In Afghanistan, “the only major hard currency earner is the narcotics sector, other than war and aid,” Mr. Cordesman said. Is This the Right Way to End a War? 2019-02-02T05:00:00Z American officials said they would no longer pay his government for oil sales in the United States, a principal source of Mr. Maduro’s hard currency. Venezuelans Opposed to Maduro Pour Into Streets for Day of Protests 2019-02-02T05:00:00Z He said the U.S. oil sanctions announced this week will likely choke off Venezuela’s access to hard currency earnings, making it harder to import food already in short supply. Young Maduro loyalist is new hope for Venezuela’s socialists 2019-02-01T05:00:00Z Administration officials estimate that the sanctions could result in export losses of $11 billion over the next year, a crippling blow for a country that already lacks hard currency to buy sufficient food and medicine. Opposition Leader, and Oil, Become Focus of Venezuela-U.S. Struggle 2019-01-30T05:00:00Z “In a country that imports a huge part of its needs in hard currency, prices are down sometimes by 40 percent.” UN organizing national conference in Libya in coming weeks 2019-01-18T05:00:00Z For this it needs hard currency, and with its current deep economic problems, this is in very short supply. The most expensive fuel in the world? 2019-01-18T05:00:00Z In 2017 bitcoin became wildly popular with speculators who trade it online against other virtual currencies as well as hard currencies such as the U.S. dollar. Daily bitcoin transactions on darknet markets doubled throughout... 2019-01-18T05:00:00Z Legacies of the 37-year rule of Mugabe include massive unemployment, huge government debts, an acute shortage of hard currency and a crumbling infrastructure. Reports of beatings and abductions in major Zimbabwe crackdown 2019-01-16T05:00:00Z Legacies of the 37-year rule of Robert Mugabe, which ended with a military takeover in November 2017, include massive unemployment, huge government debts, an acute shortage of hard currency and a crumbling infrastructure. Zimbabwe police clash with protesters on first day of general strike 2019-01-14T05:00:00Z He then would allegedly resell the hard currency on the black market for huge gains. US sanctions Venezuela TV magnate for alleged currency deals 2019-01-08T05:00:00Z “There is a stark difference between those who have access to hard currency or not,” added Guillermo Aveledo, a political science professor at the University of Caracas. Desperate women fleeing Venezuela sell hair, breast milk, sex to get by 2018-12-22T05:00:00Z Journalists travel with bundles of hard currency, usually dollars, to pay for hotels, transport and translation. In Yemen, Lavish Meals for Few, Starvation for Many and a Dilemma for Reporters 2018-11-29T05:00:00Z The “Last Emperor” project brought several million dollars in hard currency into the Chinese economy, an important factor in the co-production agreement. Bernardo Bertolucci: The emperor's new clothier 2018-11-26T05:00:00Z Leasing medical professionals is Cuba’s main export, bringing in more hard currency than tourism: last year professional services by doctors and nurse brought in $11bn , compared to $3bn in tourism. Fears Brazil cannot replace Cuban doctors leaving country after Bolsonaro's win 2018-11-23T05:00:00Z They were among scores of petty financial traders and others arrested in a sweeping crackdown on Tehran’s vast black market in gold coins and hard currency. Two men hanged in Iran for hoarding gold coins as the country wages war on economic crimes - Los Angeles Times 2018-11-14T05:00:00Z They were convicted of manipulating coin and hard currency markets through illegal and unauthorized deals as well as smuggling. Iran executes ‘Sultan of Coins’ convicted of hoarding 2018-11-14T05:00:00Z The new sanctions will likely undermine the rial even more since they target Iran’s oil industry, a crucial source of hard currency. Iranians fear more economic pain as US sanctions kick in 2018-11-05T05:00:00Z Then end of economic benefits from America hurts Iran’s vital oil industry, a crucial source of hard currency for its anemic economy. 10 Things to Know for Today 2018-11-05T05:00:00Z The new American sanctions particularly hurt Iran’s vital oil industry, a crucial source of hard currency for its anemic economy. Iran president warns of ‘war situation’ as sanctions resume 2018-11-04T04:00:00Z The Venezuela-owned company is the regime’s biggest generator of hard currency, the only asset creditors can go after. What 52,000 Percent Inflation Can Do to a Country 2018-11-01T04:00:00Z It also limits the extent to which hard currency is used in North Korea. U.S. Bars American Aid Groups From Traveling to North Korea 2018-10-17T04:00:00Z The kingdom remains one of the top foreign investors in Turkey, providing crucial hard currency amid a crisis in the Turkish lira. Saudi writer’s disappearance strains Turkey-Saudi ties 2018-10-13T04:00:00Z It is one of many ways in which the sanctions are hurting ordinary Iranians while benefiting those with access to hard currency. Tomato squeeze: U.S. sanctions begin to distort Iran's economy 2018-10-11T04:00:00Z Even more severe U.S. sanctions against Iran's banking and energy sectors are slated to go into effect in November, including restrictions on Iran's oil industry that could cut off a crucial source of hard currency. John Bolton warns Iran 'there will be hell to pay' if aggression continues: 'We will come after you' 2018-09-25T04:00:00Z The government started printing money in the national currency, the mark, in order to buy hard currency and pay for the debt. How do you solve catastrophic hyperinflation? 2018-09-21T04:00:00Z The Central Bank also announced that it would suspend hard currency purchases for the country’s reserves until the year’s end in another move to ease the pressure on the ruble. Russian Central Bank hikes interest rate to shore up ruble 2018-09-14T04:00:00Z He arrived home with nothing to show for his years abroad but some hard currency and a 20-year-old washing machine, a goodbye gift from a neighbor in East Germany. A Spy Story: Sergei Skripal Was a Little Fish. He Had a Big Enemy. 2018-09-10T04:00:00Z The Trump administration says it wants to cut Iran's oil exports to zero - which would deprive the Iranian government of its biggest source of hard currency. What nappies tell us about Iran's economic woes 2018-09-06T04:00:00Z On Nov. 4, the U.S. will re-implement sanctions on Iran’s crude oil exports, which provide a needed source of hard currency for a country whose economy already is gasping for air. AP Analysis: Yemen rebel threats to Dubai show danger looms 2018-08-31T04:00:00Z The new rules lifted restrictions that barred companies without revenue in hard currencies from doing such borrowing—as long as the loans exceeded $5 million. How Ergodan’s Push for Endless Growth Brought Turkey to the Brink 2018-08-17T04:00:00Z Turkey is dependent on imports, priced in hard currency, for almost all of its energy needs. Turkey's lira weakens more than 6 percent on threat of more U.S.... 2018-08-17T04:00:00Z Maduro’s government began quietly halting debt interest payments last year in an effort to save hard currency for the collapsing economy, which is suffering from hyperinflation. Payment seen unlikely on $1.1 billion in maturing Venezuela bonds 2018-08-15T04:00:00Z The president, who says a shadowy “interest rate lobby” and Western credit ratings agencies are attempting to bring down Turkey’s economy, called on Turks to exchange their hard currency and gold into the lira. Turkish lira crashes to record low on worries over economy, U.S. row 2018-08-10T04:00:00Z Iran’s Central Bank said it would ease foreign exchange rules to prop up its currency and allow access to hard currency at market rates. U.S. moves to restore some Iran sanctions lifted under nuclear deal 2018-08-06T04:00:00Z Iranian oil sales are a crucial source of hard currency. European allies uneasy as US restores Iran sanctions 2018-08-05T04:00:00Z Non-oil exporters will be allowed to sell hard currency to importers, and there will be no limit on bringing currency or gold into the country. Iran eases currency rules, hoping to buoy rial ahead of sanctions 2018-08-05T04:00:00Z North Korea may ultimately decide instead to invest in special economic zones that would allow it to earn hard currency while avoiding greater outside scrutiny, he said. South Korea longs for a train to Europe — but U.S. sanctions on North Korea block the way 2018-08-03T04:00:00Z The country’s debt is rising rapidly and it is running out of hard currency to pay its bills. Imran Khan’s First Test: Pakistan’s Troubled Economy 2018-08-04T04:00:00Z Imports are restricted to control scarce hard currency. Eritrea, Africa’s most repressive state, begins to open up 2018-08-04T04:00:00Z The 12 women and one man were part of what the US government estimates to be 93,000 people dispatched by North Korea to work abroad and earn much-need hard currency for the regime. South Korea to investigate North Korean women's 'defection' 2018-07-30T04:00:00Z In a phone interview from Madrid, he said advertising on El Nacional’s foreign-hosted website was earning it valuable hard currency to keep the publication going. Venezuela's last anti-Maduro paper clings on as media intimidation... 2018-07-26T04:00:00Z For the officials, ultimately tying the local Ora to a hard currency is a more attractive idea than aiming for a full-fledged crypto-currency without any central control. South African white enclave tests e-currency to stand apart 2018-07-16T04:00:00Z Information and Communications Technology Minister Mohammad Javad Azari-Jahromi said the merchants returned to work after he promised to help them access hard currency for their imports. Economic protests shut Tehran Grand Bazaar 2018-06-25T04:00:00Z Plagued by a flight of expertise and a lack of maintenance and investment, oil production — the main source of hard currency in a nation with the globe’s largest reserves — is crumbling. Venezuelan President Nicolás Maduro wins reelection amid charges of irregularities 2018-05-20T04:00:00Z What has resulted is a cash economy, with many like Ms. Gates making monthly and annual tax payments in hard currency instead of with checks or electronic transfers. Bags of Cash and Stealthy Deliveries: How Pot Start-Ups Pay Taxes 2018-05-18T04:00:00Z To earn hard currency from China, the British and Americans even smuggled opium into China and basically drugged its people. Why history drives China's tough stance on global trade 2018-05-13T04:00:00Z It needs hard currency from exports not only to finance imports and economic growth, but also to repay external debts. Sluggish exports leave India needing to curry favour with investors 2018-05-10T04:00:00Z The U.S. move threatens Iran with lower export income and less access to hard currency. Big Gulf Arab economies may be winners as U.S. exits Iran deal 2018-05-09T04:00:00Z But the Iranian rial was trading Tuesday at near record lows against the dollar, as Iranians looked to buy hard currency ahead of Trump’s announcement, economists said. Iran to negotiate with Europeans, Russia and China about remaining in nuclear deal 2018-05-08T04:00:00Z Sudan is grappling with economic difficulties, including a hard currency shortage. Sudan reconsidering role in Saudi-led Yemen campaign 2018-05-03T04:00:00Z North Koreans sent seafood, coal and the country’s esoteric range of other legal exports across the border and brought oil, consumer goods and desperately needed hard currency home. North Koreans in the dark about Trump summit – but officials know 'he's crazy' 2018-04-20T04:00:00Z In Africa especially, North Korean diplomats have engaged in a wide variety of ruses and schemes to earn hard currency, United Nations investigators say. Need a North Korean Missile? Call the Cairo Embassy 2018-03-03T05:00:00Z Oil revenue accounts for 90 percent of the government’s hard currency. The Venezuelan oil industry is on a cliff’s edge. Trump could tip it over. 2018-02-24T05:00:00Z Sanctions levied last year by Washington block U.S. banks and investors from acquiring newly issued Venezuelan debt, effectively preventing the nation from borrowing abroad to bring in new hard currency or refinance existing debt. Venezuela says launch of 'petro' cryptocurrency raised $735 million 2018-02-20T05:00:00Z The petro is designed to raise hard currency and to function as a payment method for foreign suppliers now that most transactions have been stymied by financial sanctions imposed by Washington last year. Venezuela's new bitcoin: an ingenious plan or worthless cryptocurrency? 2018-02-19T05:00:00Z North Korea is a poor nation whose access to hard currency is squeezed by international sanctions intended to force it to the negotiating table. North Korea Leaves the South to Pick Up Its Olympics Tab 2018-02-14T05:00:00Z The event is a money-spinner for North Korea, with foreign beer-lovers arriving to spend hard currency trying local beers served by waitresses in air stewardess uniforms. North Korea launches 'exclusive' new beer 2018-02-06T05:00:00Z Such a strategy would assuredly deplete Pyongyang’s hard currency, deter it from rash action, strengthen our alliances in Asia for the next generation and increase the costs to those who continue to subsidize Pyongyang. Opinion | Victor Cha: Giving North Korea a ‘bloody nose’ carries a huge risk to Americans 2018-01-30T05:00:00Z Sanctions levied last year by Washington block U.S. banks and investors from acquiring newly issued Venezuelan debt, effectively preventing the nation from borrowing abroad to bring in new hard currency or refinance existing debt. Venezuela says launch of 'petro' cryptocurrency raised $735 million 2018-02-20T05:00:00Z North Korean laborers are being sent home in large numbers from overseas work postings, for example, crimping the country’s supply of hard currency and leading to fluctuations in the exchange rate, they say. North Korea, Under Sanctions Strain, Dials Back Military Exercises 2018-01-29T05:00:00Z The latest United Nations Security Council sanctions, issued last month, were intended to threaten the North’s energy supplies and its opportunities to earn hard currency, possibly derailing the North’s surprising economic growth. North Korea Moves Toward Détente With Seoul 2018-01-09T05:00:00Z Most Venezuelans, earning just $5 a month at the black market rate, are nowhere near being able to save hard currency. Venezuelans scramble to survive as merchants demand dollars 2017-12-26T05:00:00Z Russia uses thousands of North Korean laborers, who earn the hard currency Pyongyang desperately needs. U.N. imposes new sanctions on North Korea over missile tests 2017-12-22T05:00:00Z Roughly 100,000 North Korean laborers who work in other countries, a critical source of hard currency, will be expelled within two years. Security Council Tightens Economic Vise on North Korea, Blocking Fuel, Ships and Workers 2017-12-22T05:00:00Z It also banned all textile exports and prohibited any country from authorizing new work permits for North Korean workers – two key sources of hard currency for the north-east Asian country. North Koreans working overseas must return home under new UN sanctions 2017-12-22T05:00:00Z It also banned all textile exports and prohibited any country from authorizing new work permits for North Korean workers — two key sources of hard currency for the northeast Asian nation. UN Security Council to vote on new North Korea sanctions 2017-12-21T05:00:00Z Most Venezuelans, earning just $5 a month at the black market rate, are nowhere near being able to save hard currency. Venezuelans scramble to survive as merchants demand dollars 2017-12-26T05:00:00Z Aso said virtual currencies may be widely used in countries such as China but that they were less common in Japan, where hard currency is still preferred. Bitcoin not yet proven as credible currency: Japan finance minister 2017-12-18T05:00:00Z Oil accounts for over 90 percent of Venezuela’s export revenue and provides the hard currency for Maduro’s socialist government. Paralysis at PDVSA: Venezuela's oil purge cripples company 2017-12-15T05:00:00Z Ethiopia’s government wants to create jobs for a growing population and generate hard currency from exports to invest in upgrading the economy. Park life: workers struggle to make ends meet at Ethiopia's $250m industrial zone | William Davison 2017-12-05T05:00:00Z Its economy is shrinking, many of its banks are probably bust and it is suffering from a crippling shortage of hard currency. Robert Mugabe, who bragged he would rule until death (and perhaps beyond), has resigned 2017-11-21T05:00:00Z Their congealed energy in the form of hard currency funds a good deal of terrorism. Saudi Money Fuels the Tech Industry. It’s Time to Ask Why. 2017-11-06T05:00:00Z Aso said virtual currencies may be widely used in countries such as China but that they were less common in Japan, where hard currency is still preferred. Bitcoin not yet proven as credible currency: Japan finance minister 2017-12-18T05:00:00Z Oil accounts for over 90 percent of Venezuela’s export revenue and provides the hard currency for Maduro’s socialist government. Paralysis at PDVSA: Venezuela's oil purge cripples company 2017-12-15T05:00:00Z Even before Trump took office, some of the interest fizzled as companies realized doing business in Cuba was hard with its red tape, shortage of hard currency, poor telecommunications and labor restrictions. Blooming U.S. business interest in Cuba wilts under Trump 2017-11-10T05:00:00Z Zimbabwe faces economic paralysis and critical shortages of hard currency as the ruling ZANU-PF party exchanges accusations of witchcraft, poisoning, assassination plots, treachery and the theft of billions of dollars in diamond wealth. Ousted Zimbabwe vice president flees into exile, claiming assassination attempts against him 2017-11-08T05:00:00Z Venezuela’s foreign creditors, however, require payment in hard currency. How long can Venezuela avoid default? 2017-11-02T04:00:00Z It also bans North Korea from exporting textiles and prohibits all countries from authorizing new work permits for North Korean citizens - two key sources of hard currency. UN adds 32 items to list of prohibited goods for North Korea 2017-10-23T04:00:00Z “North Korea needs hard currency for nearly everything,” says Go Myong-hyun, a researcher with the Asan Institute for Policy Studies in Seoul. North Korea Is No Longer the Hermit Kingdom — but How Long Will China Be Its Lifeline? 2017-10-18T04:00:00Z Even before Trump took office, some of the interest fizzled as companies realized doing business in Cuba was hard with its red tape, shortage of hard currency, poor telecommunications and labor restrictions. Blooming U.S. business interest in Cuba wilts under Trump 2017-11-10T05:00:00Z Now betting on horse races is encouraged as Pyongyang scrambles for hard currency. Raqqa, Kirkuk, Marawi: Your Wednesday Briefing 2017-10-17T04:00:00Z Experts say North Korea has been scrambling to find alternative sources of hard currency to keep its economy afloat and to advance its weapons programme further. U.S. Not Ruling Out Talks with N. Korea, Officials Say 2017-10-17T04:00:00Z Experts say North Korea has been scrambling to find alternative sources of hard currency to keep its economy afloat and to advance its weapons program further. U.S. official says not ruling out eventual direct talks North Korea 2017-10-16T04:00:00Z “Smuggling is part of how North Korea earns the hard currency it needs to keep going and to allow the regime to stay in power,” Greitens says. North Korean Diplomats Accused of Smuggling Ivory, Rhino Horn 2017-10-16T04:00:00Z Beyond respect, and retribution, the North wanted hard currency from its cyberprogram. The World Once Laughed at North Korean Cyberpower. No More. 2017-10-15T04:00:00Z So far, Iran’s stock market and hard currency markets remain unchanged. AP Analysis: Iran angered by Trump, but needs nuclear deal 2017-10-15T04:00:00Z Iran’s stock market dropped 1.2 percent in the last week as the price of hard currencies like dollars and euros edged up against the Iranian rial. As Trump challenges Iran nuclear deal, those in Tehran worry 2017-10-09T04:00:00Z Experts say North Korea has been scrambling to find alternative sources of hard currency to keep its economy afloat and to advance its weapons program further. U.S. official says not ruling out eventual direct talks North Korea 2017-10-16T04:00:00Z Meanwhile, two departments in Pyongyang—Bureaus 38 and 39—exist to amass hard currency. Africa is a smugglers’ paradise for North Korean diplomats 2017-09-21T04:00:00Z China is North Korea's most important trading partner, and one of its only sources of hard currency. China slashes trade ties with North Korea 2017-09-23T04:00:00Z The sanctions ban all textile exports and prohibit any country from authorizing new work permits for North Korean workers - two key sources of hard currency. North Korea fires missile over Japan in longest-ever flight 2017-09-15T04:00:00Z They ban all textile exports and prohibit any country from authorizing new work permits for North Korean workers — two key sources of hard currency. North Korea fires missile over Japan in longest-ever flight 2017-09-14T04:00:00Z The aim is to pressure the regime of Kim Jong Un and deprive it of hard currencies needed to develop nuclear weapons and ballistic missiles. EU hardens measures against North Korea over weapons tests 2017-09-14T04:00:00Z How much of this shadowy commerce is for personal gain, and how much is to meet the North Korean regime’s thirst for hard currency, is impossible to say. Africa is a smugglers’ paradise for North Korean diplomats 2017-09-21T04:00:00Z It also bans imports of textiles from North Korea, stripping the country of another key source of hard currency. North Korea Resumes Work at Nuclear Test Site, Analysts Say 2017-09-13T04:00:00Z It also bans all textile exports and prohibits all countries from authorizing new work permits for North Korean workers — two key sources of hard currency. U.N. Security Council Unanimously Approves New North Korea Sanctions 2017-09-11T04:00:00Z It would ban all textile exports and prohibit all countries from authorizing new work permits for North Korean workers - two key sources of hard currency. UN to vote on watered-down new sanctions against North Korea 2017-09-11T04:00:00Z Moreover, Kim needs hard currency to continue to develop his nuclear and missile programs, which rely heavily on smuggled components from other countries. Opinion | Time for maximum pressure on North Korea, even without China’s permission 2017-09-10T04:00:00Z The northern keys are home to more than 50 all-inclusive hotels, which provide essential hard currency for Cuba. Violence Erupts on Desperate Caribbean Islands: ‘All the Food Is Gone’ 2017-09-10T04:00:00Z The storm not only put residents in peril, it also increased the prospect of economic damage: More than 50 hotels on the keys bring in tourists and much-needed hard currency for Cuba. Hurricane Irma Live Updates: Storm Strikes Cuba; Millions Told to Leave Florida 2017-09-09T04:00:00Z Now the economy is in desperate trouble, with a shortage of hard currency so acute that queues to withdraw a daily maximum of $50 from banks stretch for hundreds of metres. Zimbabwe dares to dream of life after Mugabe 2017-09-01T04:00:00Z The UN security council responded last weekend by unanimously agreeing sanctions designed to deprive the regime of about $1bn US dollars in hard currency. No 'imminent threat of war' with North Korea, says US secretary of state 2017-08-09T04:00:00Z The UN security council responded last weekend by unanimously agreeing sanctions designed to deprive the regime of around a billion US dollars in hard currency. North Korea threatens US airbase in Guam, as Trump promises 'fire and fury' 2017-08-08T04:00:00Z The goal is to prevent North Korea’s access to hard currency, which Haley and other delegates at the council session said are not used for the welfare of the North Korean people. U.N. imposes new sanctions on North Korea following missile tests 2017-08-05T04:00:00Z Oil is virtually the only source of hard currency; the United States buys 40% of its exports. What comes after a farcical “election” in Venezuela 2017-08-02T04:00:00Z “Andariel is believed to focus on earning hard currency,” the report said. North Korea Tries to Make Hacking a Profit Center 2017-07-27T04:00:00Z Earlier this month Haley mentioned the possibility of cutting off major sources of hard currency, restricting oil to North Korea’s military and weapons programs, increasing air and maritime restrictions and holding senior officials accountable. US ambassador reports progress on new North Korea sanctions 2017-07-25T04:00:00Z The government uses the hard currency from its U.S. oil trade to finance imports of food and medicines, which are in critically short supply. Analysis | Why even foes of Venezuela’s government are wary of U.S. oil sanctions 2017-07-23T04:00:00Z The United States is the primary source of hard currency keeping the Venezuelan government afloat. AP Explains: What are Trump’s options in Venezuela? 2017-07-19T04:00:00Z The world must do more to "cut off the major sources of hard currency to the North Korean regime," Nikki Haley, President Donald Trump's U.N. ambassador, said at an emergency session of the council Wednesday. U.S. Weighs Sanctions on China Companies Over North Korea 2017-07-06T04:00:00Z Oil is estimated to account for a staggering 96 percent of Venezuela’s hard currency revenue and two and a half years of low prices for crude have decimated its economy. The changing energy landscape in Latin America — and why it matters 2017-06-12T04:00:00Z A: Sending money or hard currency to North Korea is prohibited under U.N. South Korea’s new president: ‘Trump and I have a common goal’ 2017-06-20T04:00:00Z Russia is also employing tens of thousands of North Korean laborers in Siberia on projects which provide lots of hard currency to Kim Jong-un’s regime. Under the radar, Russia plays a double game in tense Korean crisis 2017-06-08T04:00:00Z The security council adopted two sanctions resolutions last year to ramp up pressure on Pyongyang and deny Kim the hard currency needed to fund his military programs. North Korean officials hit with UN sanctions as 'clear message' to stop missile tests 2017-06-02T04:00:00Z Organisations funding bakeries and local councils were forced to rely on him to transfer hard currency into Eastern Ghouta. Syria’s new war millionaires 2017-06-01T04:00:00Z Congo depends on copper and cobalt, and to a lesser extent diamonds, for hard currency. Why Joseph Kabila’s ambition endangers Congo 2017-06-01T04:00:00Z There are rolling electricity outages and a severe lack of hard currency. How Libyan reality could pave way for more extremism | Jason Burke 2017-05-27T04:00:00Z "They changed after Sony by using hacking to support criminal activities to generate hard currency for the regime," he said. Exclusive: North Korea's Unit 180, the cyber warfare cell that worries the West 2017-05-20T04:00:00Z One of the world’s poorest countries, North Korea trolls for hard currency through a multitude of criminal schemes that range from drugs to counterfeit currency to smuggling rhinoceros horns. North Korea: A land of few computers and many hackers 2017-05-16T04:00:00Z Monaco’s tax haven, however, may seem a long way away when they face an opponent shaped by the hard currency of results. Monaco stay positive before mission impossible against Juventus 2017-05-08T04:00:00Z Russia, especially Vladivostok, is also home to one of the largest overseas communities of North Koreans in the world, and they send home tens of thousands of dollars in much-needed hard currency each month. As U.S. and China find common ground on North Korea, is Russia the wild card? 2017-05-03T04:00:00Z He asked for a halt to imports from North Korea, especially shipments of coal, and an end to a guest-worker program that provides cheap labor for other countries and earns hard currency for Pyongyang. U.S. wants more U.N. sanctions over North Korea’s nuclear arms, warns time is short 2017-04-27T04:00:00Z Almost all North Korea’s fuel oil, hard currency, construction material and imported food passes through the 850-mile border between the two countries. Q&A: Trump, N. Korea — a potential train wreck in motion 2017-04-14T04:00:00Z “Just as North Korea proliferates almost everything under the sun for hard currency, it wouldn't surprise me if they see their hacking skills as another money-making opportunity,” Terry said. North Korea: A land of few computers and many hackers 2017-05-16T04:00:00Z Production of coal in North Korea is state-controlled and its exports are a key source of hard currency for the isolated country's banned nuclear and ballistic missile programs. Exclusive: Malaysia inspects North Korean coal ship for possible U.N. sanctions breach 2017-03-29T04:00:00Z Exports from the ports are the main source of hard currency for a country whose economy is in tatters after enduring chaos and violence ever since the overthrow of dictator Muammar Gaddafi in 2011. Libyan militias capture key oil ports and refinery 2017-03-04T05:00:00Z The ban deprived North Korea of one of its most important sources of hard currency. North Korea Accuses China of ‘Mean Behavior’ After It Tightens Sanctions 2017-02-23T05:00:00Z Some critics also say the Cuban government exploits medical professionals abroad by taking away most of the wages paid by foreign governments and using the funds as a source of hard currency for the island. Last Cuban doctor defectors arrive in US after policy change 2017-02-09T05:00:00Z In a system established before independence, government officials traveling overseas are given hard currency, usually American dollars, upon authorization from the Finance Ministry, Mr. Biti said. Zimbabwe Stands Still as President Vacations Off the Grid 2017-01-26T05:00:00Z Cuban coaches are also being exported to other countries in exchange for hard currency. Under Fidel Castro, Sport Symbolized Cuba’s Strength and Vulnerability 2016-11-27T05:00:00Z Congo makes most of its hard currency from copper and other minerals, so it has been clobbered by the commodities slump. Congo’s president refuses to go 2016-12-20T05:00:00Z Mohamed added: "Many will be employed and the country will receive hard currency. We are in dire need of hard currency and investment." Egypt's beekeepers under threat as economy slumps 2016-12-07T05:00:00Z They target its hard currency revenues by placing a cap on coal exports, cutting them by at least 62 percent or by an estimated $800 million. North Korea Slams U.N. Sanctions in a Meeting With Diplomats 2016-12-02T05:00:00Z Security Council on Wednesday imposed a ceiling on North Korea’s coal exports to deprive it of hard currency three months after Pyongyang conducted its fifth nuclear test. U.N. caps N. Korean coal sales in bid to deprive it of hard currency after nuclear tests 2016-11-30T05:00:00Z The new sanctions target North Korea’s hard currency revenues by placing a cap on coal exports, cutting them by at least 62%. UN tightens sanctions on North Korea after largest nuclear test yet 2016-11-30T05:00:00Z Its goal, diplomats said, was to starve North Korea of hard currency that it redirects to military and nuclear programs and to bring it back to the negotiating table. Security Council Broadens Sanctions on North Korea 2016-11-30T05:00:00Z The new sanctions target North Korea’s hard currency revenues by placing a cap on coal exports, cutting them by at least 62 percent or by an estimated $800 million. U.N. Votes to Tighten Sanctions on North Korea 2016-11-30T05:00:00Z They even prohibit its export of statues, a source of hard currency mostly through sales to African nations. North Korea Slams U.N. Sanctions in a Meeting With Diplomats 2016-12-02T05:00:00Z The new sanctions target North Korea’s hard currency revenues by placing a cap on coal exports, cutting them by at least 62 percent. UN further tightens North Korea sanctions 2016-11-30T05:00:00Z A hard currency crisis led to shortages in medicines and basic staples like sugar. No chicken, no cafes: Egyptians scrimp as prices leap 2016-11-29T05:00:00Z The sanctions targeted North Korea’s hard currency revenues by placing a “hard, binding cap” on coal exports, cutting them by at least 62%, capping them at around $400m or 7.5m tonnes, diplomats said. North Korea: UN to crack down on coal exports over nuclear test 2016-11-28T05:00:00Z However, news agencies reported a run on the banks as Zimbabweans tried to empty their accounts of hard currency. Mugabe launches new currency in 'last gamble' for Zimbabwe 2016-11-28T05:00:00Z Americans can now travel and make limited investment in Cuba but hard currency wages for workers are confiscated by the government in return for nearly worthless pesos. Fidel Castro’s Communist Example 2016-11-26T05:00:00Z The lucky ones earn hard currency through tourism jobs or receive dollars from relatives in Florida. Castro’s legacy: how the revolutionary inspired and appalled the world 2016-11-26T05:00:00Z The biggest step, some U.S. officials believe, would be getting China to agree to cut off North Korean coal exports, one of Pyongyang’s biggest earners of hard currency. Barack Obama Warns Donald Trump on North Korea Threat 2016-11-22T05:00:00Z DolarToday’s rate is used as a reference by a majority of Venezuelan importers that are unable to obtain hard currency through official channels, according to national business groups. Venezuela’s Nemesis Is a Hardware Salesman at a Home Depot in Alabama 2016-11-20T05:00:00Z They are aimed at cutting off North Korea’s ability to earn hard currency through coal exports and shipping. China is putting the squeeze on North Korea. But for how long? 2016-11-18T05:00:00Z Kimberly-Clark suspended operations this year, citing inability to obtain raw materials or hard currency. Multinational firms dumping Venezuela operations in fire sales 2016-11-15T05:00:00Z That would be dwarfed by the country's hunger for hard currency, however. Egypt to face pain before gain after massive currency devaluation 2016-11-07T05:00:00Z Amid red tape, harassment, shortages of nearly everything, and the chronic lack of hard currency, few plants were operating at full capacity. Venezuela, A Failing State 2016-11-06T04:00:00Z Privately owned Arik Air needs more planes as it aims to add international routes and increase services, including daily flights to New York, to offset a slowdown at home and bring in more hard currency. Nigeria's Arik Air to buy mostly Boeing planes to double its fleet: source 2016-10-31T04:00:00Z The outage also affected production at Tajikistan Aluminium Company, one of the country's main hard currency earners, the firm said on Saturday without disclosing any details. Tajikistan starts building world's tallest dam for hydro plant 2016-10-29T04:00:00Z Coal is particularly important to the economic health of North Korea because it is one of its only sources of hard currency. U.S. challenges China's imports of North Korean coal amid U.N. sanctions 2016-10-29T04:00:00Z But the past five years of political upheaval have deeply damaged the top earners of hard currency. Egypt squeezed between need for reforms and fear of backlash 2016-10-27T04:00:00Z Egypt is inching toward meeting conditions for a bailout package from the International Monetary Fund, as hard currency and some products become increasingly scarce while an escalating spat with key backer Saudi Arabia overshadows. Egypt inches toward IMF bailout as shortages, prices enrage 2016-10-14T04:00:00Z Even foreign firms, which are given preferential treatment, complain about bureaucracy, red tape and the difficulty of repatriating profits and acquiring hard currency. Ethiopia has a lot riding on its new, Chinese-built railroad to the sea 2016-10-03T04:00:00Z With interest rates recently cut again following the Brexit referendum, Britons are unlikely soon to lose their appetite for hard currency—whatever it is made of. Plastic banknotes come to Britain 2016-09-12T04:00:00Z But after the slump in petroleum prices, hard currency for imports is lacking, leaving supermarket shelves bare. In a hungry Venezuela, buying too much food can get you arrested 2016-09-14T04:00:00Z In the short run, Moscow will continue to sell Iran shiploads of sophisticated weaponry to bring in foreign hard currency and support an industry that is vital to the Russian economy. Low oil prices cause Russian pain 2016-09-15T04:00:00Z By doing so, it deprived Americans of a vital outlet for their products and access to hard currency. What the Founding Fathers Would Have Thought of Donald Trump 2016-09-12T04:00:00Z We were promised that non-nuclear sanctions, including those that block Iran’s access to hard currency and our financial systems, would remain in place. Dangers Rise as America Retreats 2016-09-09T04:00:00Z There were misguided attempts to attract tourists and hard currency. Bagan earthquake: Is there a silver lining for Myanmar? - BBC News 2016-09-07T04:00:00Z "For my family it was like hard currency." War turns Ukraine into 'supermarket' for illegal weapons 2016-08-06T04:00:00Z The real problem for global companies operating in the country was obtaining hard currency at the official price. Heineken: How to Survive a Massive Currency Devaluation 2016-08-01T04:00:00Z MALAPPURAM, India—Chronically low oil prices are disrupting a critical financial lifeline across Asia and depriving economies of much-needed hard currency. Low Oil Prices Stanch Flow of Cash to South Asia 2016-07-31T04:00:00Z Kimberly-Clark, the consumer-products giant that owns Kleenex and Huggies, said it will shutter its Venezuela operations after years of grappling with soaring inflation and a shortage of hard currency and raw materials. Business recap: Week of July 10 2016-07-15T04:00:00Z Shortly after the IMF’s board praised Zimbabwe’s progress, the central bank shocked everyone by saying it planned to print new notes, “backed” by a $200m loan, to ease a shortage of hard currency. Bailing out bandits 2016-07-07T04:00:00Z That is not a bad record for a country that, until recently, relied mostly on textiles and tourists for hard currency. Factories in the sun 2016-06-02T04:00:00Z In this case, the sanctions were proposed most immediately because of a Treasury investigation that concluded North Korea uses hard currency to finance its nuclear and missile programs. Treasury Imposes Sanctions on North Korea 2016-06-01T04:00:00Z Now, saddled with fees and debt repayments totaling about $25 for every barrel of crude exported via Sudan — and facing low oil prices globally — South Sudan is desperately short on hard currency. Power Struggles Stall South Sudan’s Recovery From War 2016-05-30T04:00:00Z Egypt’s tourism sector employs between three and four million people—nearly 12% of the workforce—and is a key source of hard currency for the import-dependent economy. Egypt’s Travel Sector Reels From Series of Disasters 2016-05-26T04:00:00Z The Bank for International Settlements estimates that while U.S. dollar dominance means it accounts for almost 90 percent of all foreign exchange transactions and some 60 percent of hard currency reserves. Stuck with dangerous dollar dominance 2016-05-11T04:00:00Z It tracks only certain forms of cash – certified checks, cashier’s checks, money orders and hard currency – but not wire transfers or personal checks. How secretive shell companies shape the U.S. real estate market 2016-04-12T04:00:00Z It alleged the firm transferred hard currency to Kononenko’s daughter Darya, and also maintained a private jet used by the president. Ukraine’s leader set up secret offshore firm as battle raged with Russia 2016-04-04T04:00:00Z Business people in countries such as Russia and Ukraine typically put their assets offshore to defend them from “raids” by criminals, and to get around hard currency restrictions. What you need to know about the Panama Papers 2016-04-03T04:00:00Z U.S. officials attribute the economic upheaval to a months-long campaign to destroy the group’s financial underpinnings, including weeks of punishing strikes on oil facilities as well as on banks and other repositories of hard currency. U.S.-led strikes putting a financial squeeze on the Islamic State 2016-04-02T04:00:00Z All Cubans are hired and paid by the state, which takes their hard currency wages and pays them in pesos. Obama’s Havana Promenade 2016-03-21T04:00:00Z As such, her purchasing power is well below that of those earning money in the country's hard currency, the 'convertible peso' or CUC. How times are changing in Havana - BBC News 2016-03-18T04:00:00Z "It's the source of hard currency to the government sector, and military sector as well," said Jong Kyu Lee of the Korea Development Institute. The coal loophole: doubts on China's will to enforce North Korea sanctions 2016-03-17T04:00:00Z |
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