Noun: hard currency
- 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"
- Money in the form of bills or coins
"The store only accepted hard currency, no credit cards";
- cash, hard cash
Derived forms: hard currencies
Type of: currency
Encyclopedia: Hard currency