hard currency - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “hard currency”

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hard currency

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 →  Compare soft currency
Translations of “hard currency”
in Chinese (Traditional) 強勢貨幣…
in Russian твердая валюта…
in Turkish sağlam para…
in Chinese (Simplified) 硬通货,硬性货币…
in Polish twarda waluta…
(Definition of hard currency from the Cambridge Business English Dictionary © Cambridge University Press)
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