Share this entry

Share this page

hard currency

Line breaks: hard cur|rency

Definition of hard currency in English:

noun

[mass 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.

Definition of hard currency in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day prepotent
Pronunciation: ˌprēˈpōtnt
adjective
greater than others in power or influence