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Hard currency |
Also found in: Wikipedia, Hutchinson | 0.02 sec. |
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Hard currency A freely convertible currency that is not expected to depreciate in value in the foreseeable future. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The group said that international investors wouldn't be able to convert Caracas-listed shares into hard currencies. Israel holds some $23 billion in foreign exchange reserves--against which the Central Bank owes at least $27 billion in foreign liabilities, plus possibly $10 billion more in contingent liabilities which, according to the latest bond prospectus, are denominated in hard currencies. dollars, the hard currencies being provided precisely by the reserves held by domestic country governments and central banks. |
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