Definitions for hard currency
hard cur·ren·cy

Princeton's WordNetRate this definition:0.0 / 0 votes

1. hard currencynoun

   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. cash, hard cash, hard currencynoun

   money in the form of bills or coins

   "there is a desperate shortage of hard cash"

WikipediaRate this definition:0.0 / 0 votes

1. Hard currency

   In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's hard status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. Safe haven currency is defined as a currency which behaves like a hedge for a reference portfolio of risky assets conditional on movements in global risk aversion. Conversely, a weak or soft currency is one which is expected to fluctuate erratically or depreciate against other currencies. Softness is typically the result of weak legal institutions and/or political or fiscal instability.

ChatGPTRate this definition:0.0 / 0 votes

1. hard currency

   Hard currency refers to a globally accepted and highly stable currency, usually from economically stable countries, that can be easily converted into other currencies. It is often used for international trade as it carries little risk of depreciation due to strong political and economic stability. Examples include the US Dollar, Euro, British Pound, Japanese Yen, and Swiss Franc.

WikidataRate this definition:0.0 / 0 votes

1. Hard currency

   Hard currency, safe-haven currency or strong currency refers to a globally traded currency that is expected to serve as a reliable and stable store of value. Factors contributing to a currency's hard status might include the long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. Conversely, a soft currency indicates a currency which is expected to fluctuate erratically or depreciate against other currencies. Such softness is typically the result of political or fiscal instability within the associated country.

Matched Categories

1. • Currency

How to pronounce hard currency?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say hard currency in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of hard currency in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of hard currency in Pythagorean Numerology is: 3

Examples of hard currency in a Sentence

1. Ceveta President Jorge Alvarez:

   We don't have replacement parts because the government is not able to provide the hard currency we need, if I don't have dollars, I can't offer better service.

2. Leonardo Lacruz:

   Everybody is looking for payment in hard currency: dollars, pounds, euros - anything but bolivars.

3. Ngozi Belolise:

   They were overwhelmed with requests for hard currency, we need a solution.

4. Agriculture Minister Alexander Tkachev:

   Fish are our hard-currency export, our grain, oil and gas, our national heritage.

5. Miguel Ponce:

   The trade balance will likely remain the only source of hard currency income for the government, and with exports falling, that means the import restrictions will continue.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=hard currency
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Hard_Currency
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=hard currency