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Hard Currency |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.03 sec. |
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Hard Currency A currency, usually from a highly industrialized country, that is widely accepted around the world. Notes: The U.S. Dollar and the British Pound are good examples of a hard currency.Hard currency A freely convertible currency that is not expected to depreciate in value in the foreseeable future. |
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The money now regularly surpasses traditional foreign direct investment and long ago left tourism in the dust as a generator of hard currency. The ability to boost military spending is a fnnction of being 'prosperous,'" continues Hawkins, "and the massive American trade deficit with China gives Beijing the hard currency needed to finance foreign weapon acquisitions--mostly Russian systems designed to attack American targets. Thus, he explained, the only way for Syrians to obtain hard currency is by exporting Syrian labor to Lebanon. |
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Hard Currency
