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hard currency
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hard currency

Currency commonly accepted across the world. Hard currencies are usually those of the industrialized nations. US dollars and pounds sterling are two of the most popular hard currencies. Retailers in countries with soft currencies, such as the old USSR, China, and many African states, often prefer to take hard currency, instead of their national currency, in exchange for goods and services.
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The group said that international investors wouldn't be able to convert Caracas-listed shares into hard currencies.
FTSE Group by Diaz, Oscar / Latin Trade
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.
Israel's fruits of war now seen spoiling on the vine. (Special Report) by Stauffer, Thomas R. / Washington Report on Middle East Affairs
dollars, the hard currencies being provided precisely by the reserves held by domestic country governments and central banks.
Teaching radical economics: the Center for Popular Economics and its ... by Carbacho-Burgos, Andres / Radical Teacher
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