- 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
Financial and business terms. 2012.