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# Choice of currency

Suppliers, property owners or locally recruited staff may ask:

- Either to be paid in hard currency.
- Or that contracts are expressed in hard currency even if payment is actually made in the local currency.

There are potential problems in agreeing to either because:

- It may not be legal.
- Your organisation may in time pay above market rates if the local currency is devalued or loses value rapidly.
- There may be disagreement over which exchange rate to use when calculating amounts due.