Hard Currency (Noun)
Meaning 1
Money in the form of bills or coins; "there is a desperate shortage of hard cash".
Classification
Nouns denoting possession and transfer of possession.
Examples
- The country's struggling economy led to a dire shortage of hard currency and a sharp decline in standard of living.
- Counterfeiters often target foreign tourists by exchanging their hard currency for fake bills.
- She waited nervously in the long line at the bank, hoping to exchange some of her hard currency for a more secure investment option.
- During his business trips, he always made sure to have a substantial amount of hard currency with him in case of emergencies.
- The financial sanctions restricted the flow of hard currency into the country, dealing a heavy blow to its manufacturing sector and overall economic stability.
Synonyms
Hypernyms
Hyponyms
Meaning 2
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".
Classification
Nouns denoting possession and transfer of possession.
Examples
- The government required foreign investors to pay the majority of their taxes in hard currency to increase revenue from tourism.
- China's major lenders have grown more hesitant to give loans denominated in hard currency due to concerns about debt repayment.
- A strong economy and low-level inflation are crucial factors in creating a hard currency.
- As Russia struggles to maintain its economic stability, some investors worry about risks of dealing in hard currency with the country.
- For a long time, the Swiss franc was known around the world as a hard currency symbolizing financial stability and low inflation.