Definition of hard currency in English:

Share this entry

hard currency

Pronunciation: /härd ˈkərənsē/

noun

Currency that is not likely to depreciate suddenly or to fluctuate greatly in value.
Example sentences
  • The government also announced that Cuban state companies would have to sell the central bank any hard currency received from exports or domestic sales.
  • The Iraqi official said the money taken amounted to a quarter of the Central Bank's hard currency reserves.
  • Their purpose is simple: to create a free trade environment conducive to the production of export goods in order to earn hard currency.

For editors and proofreaders

Syllabification: hard cur·ren·cy

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.