hard currency Meaning, Definition & Usage

1. noun 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. noun money in the form of bills or coins
   hard cash; cash.
   
   • there is a desperate shortage of hard cash

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