hard currency

English

Noun

hard currency (countable and uncountable, plural hard currencies)

  1. (economics, finance) Any globally traded currency that serves as a reliable, stable, and easily exchangeable store of value (regarding foreign exchange, and as contrasted with a currency not well trusted regarding inflation and hyperinflation); traditionally, such a currency that is not a cryptocurrency.
    Synonym: hard cash (in one of its senses, loosely)
    Coordinate term: reserve currency (usually coinstantial)

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See also

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