hard currency meaning and definition

HARD CURRENCY noun

Definition of hard currency (noun)

1. 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. money in the form of bills or coins
   • "there is a desperate shortage of hard cash"
   • synonyms: cash, hard cash