hard currency

hard currency

noun
money that is backed by gold reserves and is readily convertible into foreign currencies.
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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 policies, and a hard currency" 
2. money in the form of bills or coins; "there is a desperate shortage of hard cash" [syn: cash
WordNet® 3.0, © 2006 by Princeton University.
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