hard currency

noun
UK: /ˌhɑːd ˈkʌrənsi/
US: /ˌhɑːrd ˈkɜːrənsi/

  1. A currency that is widely accepted internationally and is considered reliable and stable.

    1. The dollar is often used as a hard currency.
    2. Many countries prefer to trade using a hard currency to minimize risks associated with fluctuating exchange rates.

  2. Money, usually from a politically and economically stable country, that is expected to keep its value or increase in value.

    1. They wanted to be paid in hard currency.
    2. Investors often seek the safety of a hard currency during times of global economic uncertainty, safeguarding their assets.

Frequently Asked Questions

The word "hard currency" in English means: A currency that is widely accepted internationally and is considered reliable and stable., Money, usually from a politically and economically stable country, that is expected to keep its value or increase in value..

The phonetic transcription of "hard currency" is /ˌhɑːd ˈkʌrənsi/ in British English and /ˌhɑːrd ˈkɜːrənsi/ in American English. Click the 🔊 button to hear both pronunciations.

Example usage of "hard currency": "The dollar is often used as a hard currency.". More examples on the page.