hard currency

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

* * *

hard currency hard currency currency

* * *

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

* * *

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.

»

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

»

hard currency earnings/reserves/revenues

See also CURRENCY(Cf. ↑currency)
Compare SOFT CURRENCY(Cf. ↑soft currency)

Financial and business terms. 2012.


Поделиться ссылкой на выделенное

Прямая ссылка:
Нажмите правой клавишей мыши и выберите «Копировать ссылку»