NOUN
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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
the countries agreed to conduct their bilateral trade in hard currency, replacing previous barter arrangements -
money in the form of bills or coins
there is a desperate shortage of hard cash
How To Use hard currency In A Sentence
- In the economic sphere, Cuba has promoted Internet development in areas that can generate hard currency and shore up the regime economically.
- The central bank has used about half its foreign reserves since 2011 to prop up the pound and implemented strict restrictions on hard currency. Times, Sunday Times
- Dropping any melodrama, she deals with the hard currency of possible events.
- Over the weekend, legislators passed a law blocking access for three years to hard currency held in high-interest accounts with the country's two state banks.
- Businesses needed dollars to import goods and banks charged high rates of interest for hard currency.
- The Eastern bloc desperately needed Western goods but had no hard currency to pay for them, even if they were available legitimately.
- Zimbabwe, once a regional breadbasket, now suffers acute shortages of food, hard currency, petrol and other imports.
- Given the febrile atmosphere, many may have preferred to get out altogether, and get out with hard currency. Times, Sunday Times
- For example, your analysis of the reasons for the shortfall in actual hard currency earnings last year: that was really first class. TOY SHOP
- In the trading network, that's that dozen or so companies pre-embargo -- established companies operating under the direction of Serbia worldwide that continue to arrange, broker and conduct Serbian commercial activities, and those Serbian-controlled banks and financial institutions that are the same institutions financing the war effort and transferring hard -- attempting to transfer hard currency into Serbia. Background Briefing On Serbia
