hard currency
A *currency that is widely accepted throughout the world and freely convertible in currency *markets. Contrast *soft currency.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • Hard currency — or strong currency, in economics, refers to a globally traded currency that can serve as a reliable and stable store of value. Factors contributing to a currency s hard status can include political stability, low inflation, consistent monetary… …   Wikipedia

  • hard currency — hard currencies N VAR A hard currency is one which is unlikely to lose its value and so is considered to be a good one to have or to invest in. The government is running short of hard currency to pay for imports …   English dictionary

  • hard currency — n [U and C] money that is from a country that has a strong ↑economy and is therefore unlikely to lose its value …   Dictionary of contemporary English

  • hard currency — noun count or uncount money from a country with a strong economy that can be used for buying things in other countries …   Usage of the words and phrases in modern English

  • Hard currency — A freely convertible currency that is not expected to depreciate in value in the foreseeable future. The New York Times Financial Glossary * * * hard currency hard currency ➔ currency * * *    A currency that can be traded and exchanged, and in… …   Financial and business terms

  • 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… …   Financial and business terms

  • hard currency — noun 1. a currency that is not likely to depreciate suddenly in value the countries agreed to conduct their bilateral trade in hard currency, replacing previous barter arrangements Germany once had a solid economy, good fiscal and monetary… …   Useful english dictionary

  • Hard Currency — A currency, usually from a highly industrialized country, that is widely accepted around the world as a form of payment for goods and services. A hard currency is expected to remain relatively stable through a short period of time, and to be… …   Investment dictionary

  • hard currency — /hɑ:d kʌrənsi/ noun the currency of a country which has a strong economy, and which can be changed into other currencies easily ● to pay for imports in hard currency ● to sell raw materials to earn hard currency Also called scarce currency (NOTE …   Dictionary of banking and finance

  • hard currency — A currency that is commonly accepted throughout the world; they are usually those of the Western industrialized countries although other currencies have achieved this status, especially within regional trading blocs. Holdings of hard currency are …   Big dictionary of business and management

  • hard currency — /hɑ:d kʌrənsi/ noun the currency of a country which has a strong economy, and which can be changed into other currencies easily ● to pay for imports in hard currency ● to sell raw materials to earn hard currency …   Marketing dictionary in english

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