hard currency

hard currency definition - business

hard currency

A currency that enjoys investor confidence. A hard currency is typically issued by a country that has a strong economy, an acceptable rate of inflation, and a responsible fiscal policy. The euro and the dollar are examples of hard currencies. Also called hard money. Compare soft currency.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.