Definition of Hard currency
1. Noun. A currency that is not likely to depreciate suddenly in value. "Germany once had a solid economy, good fiscal and monetary policies, and a hard currency"
2. Noun. Money in the form of bills or coins. "There is a desperate shortage of hard cash"
Generic synonyms: Currency
Specialized synonyms: Change, Change, Chickenfeed, Chump Change, Small Change, Pin Money, Pocket Money, Spending Money, Cold Cash, Ready Cash, Ready Money
Derivative terms: Cash
Lexicographical Neighbors of Hard Currency
Literary usage of Hard currency
Below you will find example usage of this term as found in modern and/or classical literature:
1. Merchants' Magazine and Commercial Review by William B. Dana (1858)
"... POR CIRCULATION—hard currency ADVISED, ETC. THE large tract of land now embraced in the State of Wisconsin has, within a very few years only, ..."
2. The Ways and Means of Payment: A Full Analysis of the Credit System, with by Stephen Colwell (1859)
"Torrens — The question one of commerce and payment — Return to hard currency impossible. IN some respects, the extravagant estimate placed upon gold and ..."
3. Making Markets: Economic Transformation in Eastern Europe and the Post by Shafiqul Islam, Michael Mandelbaum (1993)
"Since energy is the most important commodity the Soviet economy can export for hard currency, the sharp decline in output led to a loss of exports and ..."
4. Russian Foreign Policy: Proliferation to Rogue Regimes: Hearing Before the by Benjamin A. Gilman (2000)
"While exporting arms and nuclear technology brings these sectors of Russia's economy hard currency, their access to Russian energy and agricultural goods at ..."
5. Reducing Capital Cost in Southern Africa by Martín Grandes, Nicolas Pinaud (2005)
"This positive development has allowed the South African Reserve Bank to replenish its hard currency reserves and to boost the coverage of external ..."
6. The Strategic Value of Fossil Fuels: Challenges and Responses : Conference by International Energy Agency (1996)
"The problem for the host government is that the only means of payment that it has in abundance, its own currency, is often unconvertible into hard currency, ..."
7. Insurance Regulation and Supervision in Asia by Centre for Co-operation with Non-members (1999)
"That contributes to preventing hard currency from being transmitted overseas, thereby keeping a large amount of hard currency to reinvest into the economy. ..."
8. The Principles of Political Economy Applied to the Condition, the Resources by Francis Bowen (1859)
"To restrict the issue of bank-notes, and to recur to a " hard currency," is ... and the " hard currency " which had always existed there did not avert the ..."