hard currency

noun

Meaning

Internationally traded currency that is expected to remain stable in value and is widely accepted as a reliable store of wealth.

Examples

Many developing nations struggle to maintain sufficient reserves of hard currency to pay for essential imports.
The central bank had to devalue the local tender because it lacked the hard currency necessary to back its exchange rate.

Synonyms: stable currency, reserve currency, strong currency

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hard currency

noun

Pronunciation: /hɑːrd ˈkɜːrənsi/

Definition

Internationally traded currency that is expected to remain stable in value and is widely accepted as a reliable store of wealth.

Examples

Many developing nations struggle to maintain sufficient reserves of hard currency to pay for essential imports.
The central bank had to devalue the local tender because it lacked the hard currency necessary to back its exchange rate.
International investors prefer to hold assets denominated in hard currency to mitigate the risk of sudden market volatility.

Synonyms of hard currency

Words with a similar meaning to hard currency:

Antonyms of hard currency

Words with the opposite meaning to hard currency:

soft currency

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