hard currency

A freely convertible currency that is not expected to depreciate in value in the foreseeable future. Bloomberg Financial Dictionary

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hard currency hard currency ➔ currency

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   A currency that can be traded and exchanged, and in which there is a general wide-ranging confidence.

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hard currency UK US noun [C] MONEY, FINANCE

► a currency that can easily be exchanged for others and that is accepted for international payments, because it is unlikely to go down in value: »

The country became too dependent on earning hard currency through sales of oil, and suffered if there was a drop in energy prices.

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Money from the fishing contracts are a vital source of hard currency.

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hard currency earnings/reserves/revenues

→ See also CURRENCY(Cf. ↑currency)

→ Compare SOFT CURRENCY(Cf. ↑soft currency)