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hard currency

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hard currency

 
Use hard currency in a Sentence
–noun
money that is backed by gold reserves and is readily convertible into foreign currencies.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

Hard Currency

A currency, usually from a highly industrialized country, that is widely accepted around the world.

Investopedia Commentary

The U.S. Dollar and the British Pound are good examples of a hard currency.

Related Links

What Is Money?
Dollarization Explained

See also: Barter, Currency, Hard Loan, Hard Money, Soft Currency, Soft Money

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